Mindtree’s Board of Directors is pleased to announce the
appointment of Rostow Ravanan as the CEO and Managing Director, and
Krishnakumar Natarajan as the Executive Chairman. Subroto Bagchi steps
down as Executive Chairman but continues on the Board as a non-executive
director.
Ms. Apurva Purohit, Independent Director and Chairperson of the
Nomination and Remuneration Committee of the Board said, “This is the
culmination of a year-long succession planning exercise that the Board had
undertaken after carefully considering several candidates. We are very happy
with the process and the outcome. We believe that Mindtree with a stellar
management team is fully ready for the opportunities and the challenges
ahead. The Board recognizes and thanks Subroto for his invaluable
contributions and inspirational leadership. All the changes announced today
will be effective April 1, 2016”.
Rostow Ravanan, 44 is a member of Institute of Chartered
Accountants of India, Institute of Company Secretaries of India and alumni of
Harvard Business School. . In April 2014, he stepped out of his role as Chief
Financial Officer and took over as Head for Europe, Service Lines and Key
Accounts. Rostow has won several industry recognitions in his previous
role as CFO.
“I am very honored and humbled at being named to lead one of the
most valuable and respected IT services companies. It will be my endeavor to
build further on this legacy and take the organization to greater heights on
the strength of a stellar leadership team, the expertise and dedication of
Mindtree Minds and an amazing set of customer relationships”, said Rostow.
Krishnakumar Natarajan
incoming Executive Chairman said, “Mindtree is on a strong footing today to
explore newer opportunities that take us to a different orbit in the years
ahead. I would be focusing my energies towards making Mindtree a significant
global player by the year 2020.”
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