Satyam starts search for new CEO, CFO
News of Vivek Paul quitting TPG has come amid speculation that he may join as CEO of Satyam.
By PTI |
NEW DELHI: The government appointed board of the crisis-ridden Satyam Computer has started looking for a suitable new CEO and a CFO to run the company.
"The board of directors has launched the search to identify candidates for the positions of chief executive officer and chief financial officer in order to fill the vacancies resulting from resignations of Rama Raju, former CEO, and Srinivas Vadlamani, former CFO," a company statement said here.
Satyam has plunged into a deep crisis following the founder chairman B Ramalinga Raju's admission that he fudged the company accounts to the tune of Rs 7,800 crore.
Rama Raju and Srinivas has since then quit the company and were arrested, and are in judicial custody now.
Senior employee Ram Mynampati is the interim CEO now. After the startling revelation, the Satyam board was disbanded and the government appointed HDFC chairman Deepak Parekh, IT expert Kiran Karnik and former presiding officer of SAT C Achutan as the new members of the board.
Briefing reporters after it first meeting of the new board on Monday Parekh had said that he hoped in the next few weeks the board would find someone, but given the situation it would be difficult to find willing candidates.
"The board of directors has launched the search to identify candidates for the positions of chief executive officer and chief financial officer in order to fill the vacancies resulting from resignations of Rama Raju, former CEO, and Srinivas Vadlamani, former CFO," a company statement said here.
Satyam has plunged into a deep crisis following the founder chairman B Ramalinga Raju's admission that he fudged the company accounts to the tune of Rs 7,800 crore.
Rama Raju and Srinivas has since then quit the company and were arrested, and are in judicial custody now.
Senior employee Ram Mynampati is the interim CEO now. After the startling revelation, the Satyam board was disbanded and the government appointed HDFC chairman Deepak Parekh, IT expert Kiran Karnik and former presiding officer of SAT C Achutan as the new members of the board.
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Briefing reporters after it first meeting of the new board on Monday Parekh had said that he hoped in the next few weeks the board would find someone, but given the situation it would be difficult to find willing candidates.
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