Apollo Hospitals Enterprise on Monday said it plans to appoint promoter director Shobana Kamineni as the executive chairperson of its soon-to-be listed medical equipment arm, Apollo Healthtech, as the healthcare major advances its restructuring plans aimed at unlocking value from its businesses.
The proposed appointment is subject to shareholder approval, the company said, adding that Kamineni, who currently serves as a promoter director on Apollo Hospitals' board, would lead the next phase of growth at the medical devices and healthcare solutions business.