Satyam announces new CEO and CFO
SOURCE: PC World
DATE: June 23rd, 2009
C.P. Gurnani, the new CEO of Satyam, was previously Tech Mahindra’s president for international operations. He replaces A.S. Murty as CEO. Murty, a Satyam executive, was appointed as CEO by the government-appointed board. He will continue as a senior member of the company’s management, the spokesman said.
Satyam also appointed S. Durgashankar, a senior vice president at a Mahindra Group company, as the company’s new CFO. The previous CFO Vadlamani Srinivas quit in the wake of the scandal.
Tech Mahindra also announced on Tuesday that Sanjay Kalra, its president for strategic initiatives, was promoted to CEO of the company. The current CEO Vineet Nayyar has been appointed as executive vice chairman of both Tech Mahindra and Satyam.
