By Rumman Ahmed 
 

BANGALORE--Pfizer Ltd. (500680.BY), the Indian unit of drug maker Pfizer Inc. (PFE), said Thursday Kewal Handa will resign as managing director of the company with effect from Aug. 15.

Aijaz Tobaccowalla, who has been appointed additional director of the company with immediate effect, will take over as the new managing director, the drug maker informed the stock exchanges.

Mr. Handa would continue as an employee of the company until his retirement on Aug. 31, it added.

Write to Rumman Ahmed at rumman.ahmed@dowjones.com