- 04 Jan 2023
- ICICIdirect Research
LTIMINDTREE'S WHOLE TIME DIRECTOR & PRESIDENT, MARKETS RESIGNED
MINDTREE - 3429 Change: 0.40 (0.01 %)News: LTIMindtree has announced to the stock excnahges that Venugopal Lambu has resigned from the position of Whole time director & president, Markets II to pursue opportunities outside the company. His resignation has been accepted and his last working day will be January 10, 2023.
View: Mr Venugopal had joined erstwhile Mindtree as head of sales in August 2020 from Cognizant. After the merger of LTI and Mindtree, LTIMindtree as a combined entity has opted for a split leadership in sales profile wherein Sudhir Chaturvedi, who was head of sales in LTI and Venu Lambu, who was head of sales at Mindtree, had been appointed as a President, Markets I and President, Markets II respectively. The company did not mention about searching for his replacement, which implied that LTIMindtree may be looking to consolidate sales role, going forward, and Mr Charturvedi will head entire sales portfolio for the combined entity. We do not foresee any operational disturbance due to this development
Impact: Neutral