Pradip Shah appointed as Chairman of Pfizer Limited Board
Mumbai: At its meeting held on February 3, 2022, following the resignation of Mr. R A Shah, the Pfizer Limited Board of Directors appointed Mr. Pradip Shah as the Chairman of the Board of Pfizer Limited. Mr. Shah has been on the Board of Pfizer since December 1999 and has been guiding the Board and Management on various financial and strategic decisions.
Speaking about his appointment, Mr. S. Sridhar, Managing Director, Pfizer Limited, said, “Pfizer acknowledges and values Mr. Pradip Shah’s contributions to the Board for many years as a financial expert, and I look forward to his continued advice and leadership. With his elevation as the Chairman of the Board, we will work closely with him on matters of strategic importance to Pfizer in India. I also wish to thank our outgoing Chairman, Mr. R A Shah, for his years of service, leadership, and counsel to the Board. He has guided the company to navigate in possibly every conceivable operating environment and has served as a force of continuity and stability in an Industry characterized by rapid changes.”
Speaking about his new appointment, Mr. Pradip Shah, Chairman of the Board, said, “I am honoured to have been entrusted this privilege and responsibility. Over the years, Pfizer Limited has proven to be a company that is committed to highest standards of corporate governance, accountability and transparency. I look forward to contributing to Pfizer’s vision for the future, with the support of my fellow Board members.”
Mr. Pradip Shah is the ex-Managing Director of CRISIL, India’s first and the largest credit rating agency. Prior to founding CRISIL, Mr. Pradip Shah assisted in founding the Housing Development Finance Corporation (HDFC) in 1977. Mr. Shah has also served as a consultant to USAID, the World Bank, and the Asian Development Bank. Mr. Shah is a Director on the Board of several reputed companies and is also a member of various prestigious committees/commissions. Mr. Pradip Shah is presently the Chairman of Indasia Fund Advisors Pvt. Ltd. He holds an MBA from the Harvard Business School, is a Chartered Accountant and a Cost Accountant, and ranked first in India in the Chartered Accountancy Examination.
