Mahindra Satyam has replaced the CEO of its Australia and New Zealand (ANZ) business as the company aims to double revenues to US$5 billion by 2015.
In a statement released Tuesday, the Indian IT services provider said its vice president of Middle East and North Africa (MENA) Bobby Gupta would relocate from Dubai to Melbourne, Australia, where he first joined Satyam as vice president and head of sales in 2009, to take over the operations of one of its biggest English-speaking markets.
Mahindra's rest of the world markets--comprising ANZ, MENA, and Asia-Pacific--generate 24 percent of the company's revenue.
"Bobby Gupta will take over as head of ANZ operations after successfully transforming the MENA operations, and build a world-class team and capabilities," the company said in the statement. "His dynamic leadership at MENA resulted in a series of new logo wins, big deals, and opening up of new geographical markets."
The change is part of its "CEO Force" model to distribute experience leaders around the globe, and Gupta will be replaced by G. B. Kumar, who has previously worked in India, Japan, and China. Also, last year, the company revealed "Mission 2015", a plan to double revenues to US$5 billion over the next three years.
"The management [team] has entrusted the baton to two of the most experienced IT Industry professionals, to nurture, grow, and manage these two regions," the company said in the statement.
The statement did not mention Gupta's predecessor and former boss, Venki Prathivadi, though a report in The Australian said Prathivadi would remain in Melbourne.
Shortly after Prathivadi took the helm in June 2009, he steered the Australian ship through one of the most tumultuous periods in India's corporate history when Satyam founder B. Rama Raju defrauded shareholders by US$1 billion. Tech Mahindra subsequently acquired the distressed assets.