Mumbai, June 23: Effecting top level changes in
its IT firms, Mahindra Group today appointed C P Gurnani as
the Chief Executive of Mahindra Satyam, while Sanjay Kalra
would hold the same position in Tech Mahindra.
The outgoing Chief Executive of Tech Mahindra, Vineet
Nayyar, has been made the Executive Vice-Chairman of both
the companies.
"We are contemplating a common governance board for
both the companies, which will determine the rules and seek
out congruence," Nayyar told reporters here.
Satyam`s A S Murthy, who was appointed CEO by the
government board after the multi-crore rupee scam broke out in
the then Satyam Computer Services, would continue to be with
the company, he said.
Kiran Karnik would continue to be Satyam Chairman till
further orders are received from the Company Law Board.
Kalra was the President of Strategic Initiatives, Tech
Mahindra, while Gurnani was the Head of Tech Mahindra`s Global
Operations, Sales and Marketing functions.
Mahindra appointed S Durgashankar as the Chief
Financial Officer of Satyam. He was earlier Senior
Vice-President of the Mahindra Group.
Going ahead, the Group would look at merging Tech
Mahindra and Satyam, but no date has been set for the purpose.
Bureau Report
