Former Cognizant exec Debashis Chatterjee appointed as new CEO & MD of Mindtree

The former Cognizant executive Debashis Chatterjee has been appointed as the new chief executive officer and managing director (CEO and MD) of the IT services firm Mindtree Ltd. The announcement was made on Friday afternoon. In another high profile appointment, Larsen & Toubro's (L&T) Chief Executive Officer and Managing Director S N Subrahmanyan was appointed as company's new non-Executive Vice-Chairman. In a statement released on Friday afternoon, the company said that both these appointments are expected to lead next phase of its growth.

"Mindtree, an L&T Group Company announced the appointment of Debashis Chatterjee as the CEO & MD of Mindtree Ltd. He has been inducted into Board of Mindtree Ltd with a mandate to lead the company into its next phase of growth," Mindtree said in a statement.

Before being appointed as the new CEO & MD of Mindtree, Chatterjee was President, Global Delivery and Global Leader for the Digital Systems and Technology practice at Cognizant. He has been appointed for five years, with the term set to end on August 1, 2024. Both appointments are effective from Friday, Mindtree said in a regulatory filing. 

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With this, Chatterjee has become the third CEO for Mindtree in its two-decade existence.

The appointment comes after the resignation of Rostow Ravanan earlier this month. Ravanan, who was a part of the founding team of the company, had resigned from it after  L&T successfully completed its open offer to acquire Mindtree despite vehement resistance from the company’s original promoters. L&T's takeover of Mindtree marked India's first-ever hostile takeover in the IT space. The infrastructure company had acquired around 20.32 per cent shares in Mindtree from late V G Siddhartha and his coffee enterprise for over Rs 3,000 crore in March.