Bangalore, INDIA, April 1, 2011:
MindTree Limited, a global IT Solutions and Product Engineering Services Company, today announced the election of Dr. Albert Hieronimus as the new Chairman of its Board of Directors w.e.f. April 1, 2011.
In a career spanning over 30 years, Dr. Hieronimus has handled key international assignments in sales, finance and planning to management accounting, human resources, development and information processing. He has worked and lived in India where he was the Managing Director of Bosch Ltd (previously known as Motor Industries Co Ltd) from 2003 to 2008. He is currently the Chairman of Bosch Ltd. He was also the Chairman of the Executive Board at Bosch Rexroth AG, Germany until June 2010 and is currently a member of the Supervisory Board of Bosch Rexroth AG. Dr. Hieronimus earned a diploma in mathematics and doctorate in business and social sciences at the University of Cologne, Germany.
Dr. Hieronimus has been closely associated with MindTree’s business, having served as an independent director since 2006. He is a member of the Strategic Initiatives Committee and the Audit Committee and chairman of the Investor Grievances Committee of the Board apart from being the Lead Independent Director.
Krishnakumar Natarajan, CEO & MD, MindTree Limited said, “In line with good governance practices, we are segregating the roles of the Chairman of the Board and the company’s CEO and MD.” He adds, “MindTree is fortunate to have Albert in its journey ahead. He is a businessman of international stature. We will work together very effectively to take MindTree to greater heights and make it a truly memorable company.”
“I have worked closely with MindTree for many years now and feel very proud of the culture & values that define MindTree. MindTree has an exciting future ahead and I look forward to helping the management to take MindTree to greater heights,” said Dr. Hieronimus.
MindTree Limited is a global IT and Product Engineering Services Company with deep knowledge in specific domains. MindTree is acknowledged as the best mid-size software services company out of India for its capability to build, test and deploy solutions as much as emphasis on culture, customer centricity and corporate governance. MindTree is ranked No. 1 among the Most Admired Knowledge Enterprise (MAKE) India Award winners in 2010, 13th in NASSCOM’s listing of Top IT Software and Services Exporters in India (excluding BPO). MindTree is ranked 19th amongst IT services companies by IAOP in their annual list of the Top 100 Global Outsourcing Companies. In 2009, MindTree was ranked No. 2 in Asia and declared the overall winner in India in the Asiamoney Corporate Governance Poll. Please visit us at www.mindtree.com