Rajeev Nannapaneni who has been serving Hyderabad based Natco Pharma as vice president, business development has been elevated as the Chief Operating officer (COO) of the company.

Nannapaneni joined Natco Pharma in July 2000, and as the vice president-business development, has been instrumental in planning, strategising and implementing a business restructuring exercise, which changed the focus of the company. The company's successful foray into oncology segment is a testimony to the strategic skills of Rajeev.

As COO, Rajeev would be responsible for all the operations of the company and would oversee all functional areas.