Pfizer chairman Pillai retires
Mumbai: Pfizer India chairman S.V. Pillai has retired from the board of directors of the company on health grounds. Mr Pillai has been associated with Pfizer for nearly five decades. He was appointed executive director in 1964 and became the company’s chairman and managing director in 1971. He retired as managing director in 1988.

The board has appointed R.R. Shah, senior partner of solicitor firm Crawford Bayley & Co, as non-executive chairman. He has been on the board of the company as vice-chairman for over 35 years. The board has also appointed Pradip P. Shah, chairman of Indasia Fund Advisors, and former managing director of Crisil, as an additional director.
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Subodh Shah quits Crisil
Mumbai: Subodh Shah, executive director and chief rating officer of Credit Rating Information Services of India, has quit. Crisil’s managing director R. Ravi Mohan confirmed Mr Shah’s resignation. Mr Shah, an IIM Ahmedabad alumnus, has been with Crisil for nearly 11 years. He is joining Tata Finance as president.
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Gaurang Shah is Kotak Mahindra Primus CEO
Mumbai: Auto finance company Kotak Mahindra Primus has a new chief executive officer and executive director, Gaurang Shah. He replaces Dipak Gupta, who has been promoted as executive director of Kotak Mahindra Finance.
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Ivester is stepping down from Coke
New York: Douglas Ivester is stepping down as chairman and chief executive of Coca-Cola in April 2000. He will be retiring from the company after serving as chief executive for two years. Douglas Daft, who has been with Coca-Cola for 30 years, will take over the reins from Mr Ivester.

Mr Daft, originally from Australia, is considered to have considerable knowledge of emerging markets. He is at present president ofthe  Pacific group of the company and heads the Middle and Far East and Africa groups as well as the Schweppes Beverages division.
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