DRIVIN G ROWTH - Dr. Reddy's

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directors’ report
DIRECTORS
Dr. Krishna G Palepu and Mr. Anupam Puri
joined as Additional Directors on the Board,
on January 29, 2002 and January 4, 2002
respectively.
Dr. Krishna Palepu is the Ross Graham
Walker Professor of Business Administration
at the Harvard Business School. He holds the
title of Senior Associate Dean and Director of
Research. Professor Palepu has a Masters
degree in physics from Andhra University, a
MBA from the Indian Institute of
Management, and a Ph.D. from the
Massachusetts Institute of Technology. He is
also a recipient of an honorary MA from
Harvard, and an honorary Doctorate from
the Helsinki School of Economics. Professor
Palepu serves as consultant to a wide variety
of businesses, and is on the Boards of several
companies. The appointment of Dr. Palepu
has been proposed at the ensuing annual
general meeting of the Company.
Mr. Anupam Puri was a Director of
McKinsey & Company and the Managing
Partner of the India Practice. Since joining
the Firm in 1970, he has concentrated on the
strategic, organisational and operational
problems of multinational companies and on
issues of public policy.
Mr. Puri has worked extensively with large
companies based in the United States,
Europe, Japan and Latin America in diverse
DR. REDDY’S LABORATORIES LTD. | DIRECTORS’ REPORT | ANNUAL REPORT 2001-2002
industries: consumer goods, petroleum,
chemicals, health care, electronics, electrical
equipment, automotive, banking, investment
banking, publishing, and entertainment. His
work has included developing corporate and
business unit strategies; improving corporate
centre and business unit organisation design
and associated management processes; and
turning around unprofitable operations. He
also has extensive experience in the
successful structuring of cross-border
alliances. He holds B. A., M. A., and M. Phil.
degrees in Economics, all from Oxford
University. The appointment of Mr. Puri has
been proposed at the ensuing annual general
meeting of the Company.
On the recommendations of the
Remuneration Committee of the Directors,
the Board has re-appointed Mr. Satish Reddy
as Managing Director and COO of the
Company for a period of five years w.e.f.
October 1, 2002. The terms and conditions
are set out in the explanatory statement of
the notice of the ensuing annual general
meeting. The approval of members has been
sought on this appointment at the ensuing
annual general meeting.
Mr. Ravi Bhoothalingam and Mr. P N
Devarajan retire by rotation at the
forthcoming annual general meeting and
being eligible, offer themselves for reappointment.