Apollo Hospitals on Thursday said it has re-designated Suneeta Reddy as Joint Managing Director (JMD) of the company with effect from June 1, 2011.
The company's board, on recommendations of remuneration and nomination committee, has approved the re-designation of Suneeta Reddy as JMD of the firm, Apollo Hospitals Enterprise said in a filing to the Bombay Stock Exchange (BSE).
The board, which met on Thursday, has also approved a remuneration of 1.50% of the net profits of the company for Reddy, it added.
Prior to this, Reddy was designated as Executive Director (Finance) in the healthcare major. Her tenure as JMD is till February 2, 2016, it said.
The Chennai-headquartered group's consolidated net profit for the year ended March 31, 2011, stood at Rs 183.92 crore.
Shares of Apollo Hospitals on Thursday closed at Rs 475.70 on BSE, down 0.91% from the previous close.