Satyam board to announce new CEO, CFO 3rd February 2009
The government-appointed directors of embattled Satyam Computer Services will meet here Tuesday to pick a new chief executive officer (CEO) and finalise funding arrangements to ensure the fraud-hit company’s smooth operations in the next two months.The six directors, making up the new board, said last Friday that they had shortlisted three candidates for the posts of CEO and chief financial office (CFO) and they will finalise the names this week.
The board does not have a chairperson. The six directors have left that decision to the government and members are presiding over the meeting by rotation till a chairperson is appointed.
With AS Murty being announced as the new CEO, this is indded very good news for the employees. As reported by the news channels, he has been the face to various customers and therefore would be well accepted with the customers. THis must have come as a reassurace to the employees as well for whom he is an old and familiar face. I am sure this move will benefit the organization.
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