Hyderabad: Harvard Business School professor G Krishna Palepu has resigned from the board of India’s second largest drug maker Dr Reddy’s Laboratories Ltd.
Palepu was an independent director on the government-superseded board of embattled Indian software exports company Satyam Computer Services Ltd and had resigned from that company’s board on December 31.
Dr Reddys informed the stock exchanges, on Tuesday, that Palepu’s resignation was accepted by the board with immediate effect.
According to Dr Reddy’s chief executive, G V Prasad the Harvard professor did not want to put the drug-maker in the spotlight because of him being an ex-board member of Satyam and decided to resign from DRL’s board in the best interests of the company.