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Mindtree Leadership change

Mindtree has appointed Rostow Ravanan as the CEO and managing director, and Krishnakumar Natarajan as the executive chairman of the company. Subroto Bagchi has stepped down as executive chairman but will continue on the Board as a non-executive director. All the changes will be effective April 1.

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"