Tech
Mahindra has announced the new CEO
for Mahindra Satyam. CP Gurnani will
be the new chief executive of the
company. The government-appointed
CEO, AS Murthy will make way for the
new CEO but will remain with the company.
Apart from appointing the CEO, the
CFO also was appointed. S Durgashankar
will take over as the new CFO of Mahindra
Satyam after Vadlamani Srinivas was
arrested with regard to the Satyam
scam.
The outgoing chief executive of Tech
Mahindra Vineet Nayyar stated, “We
are contemplating a common governance
board for both the companies, which
will determine the rules and seek
out congruence.”
He added that both companies Tech
Mahindra and Satyam will be merged
but the dates are yet to be finalized.
Nayyar will now be the Executive Vice-Chairman
of both the companies. Both Gurnani
and Durgashankar were employed with
Tech Mahindra as Global Operations,
Sales and Marketing functions and
senior vice-president (M&A) for
Mahindra Group, respectively.
|
