Rajeev Mehta likely to become Mindtree CEO

Former President of Cognizant, Rajeev Mehta is likely to get appointed as the CEO of Mindtree according to IANS. Last week, the L&T management had said that the new CEO would be announced on August 1. 

The names of Debashis Chatterjee, another Cognizant top executive whose term ends on July 31, and Anjan Lahiri, former CEO and former Co-founder at Mindtree, are also doing the rounds as contenders for the top job.

The Mindtree Chief Executive's post fell vacant after Co-founders Krishnakumar Natarajan, N.S. Parthasarathy and Rostow Ravanan resigned earlier this month, two days after infrastructure construction behemoth L&T acquired controlling stake in the global IT services firm.

L&T had bought around 20 per cent stake in Mindtree from the late V.G. Siddhartha through a block deal worth around Rs 3,200 crore. Siddhartha and Cafe Coffee Day held 3.27 crore shares at Rs 980 per share, according to BSE data.