By
Michael Friscolanti 2018
''Born in England, Desai joined Apotex in 2003, serving as global head of R&D, then as chief operating officer, before Sherman selected him in August 2014 to take over as president and CEO. The two men clearly enjoyed a close relationship. In fact, it was Sherman who personally provided a $3.15-million mortgage—at zero interest, with no payment schedule—for the upscale Toronto home that Desai and his wife, Kalpna, purchased when they first moved to Canada. When the Shermans were killed, the full mortgage remained outstanding.''
Dr. Jeremy Desai ‘resigned to pursue other opportunities.’ Jack Kay, co-founder and vice-chairman of Apotex, will return to the CEO role.
www.theglobeandmail.com
'Jan 26, 2018 — When the Desais moved to Toronto,
Mr. Sherman personally lent the couple $3.15-million for their mortgage and is named as the chargee on the ...''