Apollo Hospitals Enterprise Ltd, India’s largest healthcare services company, has announced a change in management among the four daughters of founder and promoter Prathap C Reddy.
Preetha Reddy, currently managing director, will become executive vice-chairperson; Suneeta Reddy, currently joint managing director, will become managing director; Shobana Kamineni, currently executive director - special initiatives, is being re-designated as executive vice-chairperson and Sangita Reddy, currently executive director – operations, is taking over as joint managing director.
All these changes are with immediate effect. There would be no change in the existing terms of remuneration payable to these executive directors.
Prathap Reddy, chairman, Apollo Hospitals Group, said, “As the healthcare landscape in the country and the region changes and expands, this strategic realignment, we believe, will enable Apollo to focus on growth opportunities in hospitals, pharmacies, clinics and health insurance while furthering its clinical leadership and service excellence. We aim to deepen our focus in each of these verticals as well as drive synergies between them using technology and an ecosystem focused on wellness, innovation and productivity.”
Preetha will work closely with the organisation’s 8,000 clinicians and will also lead the firm’s thrust on quality improvement processes. She will also work closely with industry bodies and the government on policy matters for healthcare issues.
Suneeta will lead the corporate strategy, corporate finance, funding and investments and will leverage M&As to achieve the accelerated pace of growth and optimise profitability. She will directly steer the hospital vertical and will also handle brand and marketing.
Shobhana will continue to spearhead Apollo Pharmacy related initiatives, which is presently the fastest growing business within the company. She will also oversee the planning, design and execution of new projects and lead the Apollo Global Projects Consultancy Division.
Sangita will look at creating an IT enabled patient centric operation across the group and will continue to steer Apollo’s thrust on research, innovation and healthcare initiatives and will also spearhead retail health, including health & lifestyle under Apollo Health and Lifestyle Ltd. She will also lead the HR and IT functions across all divisions of the group and will continue to be the chairperson of Apollo Knowledge, the education vertical of the group.
The board today also approved the appointment of infrastructure consultant Vinayak Chatterjee as an independent director.
(Edited by Joby Puthuparampil Johnson)