Outsourcer Satyam names new CEO

Outsourcer Satyam names new CEO

Summary: The Indian outsourcer has announced that AS Murty is CEO effective immediately, following the resignation of former chairman Ramalinga Raju who admitted inflating the company's revenue.

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Satyam's board has decided on a new chief executive after deliberating over the past two days with advisors.

The new head of the Indian outsourcer, effective immediately, is A.S. Murty. He has worked within Satyam for the past 15 years, most recently as chief delivery officer.

"He is well respected for his ability to effectively integrate the team and enable a collective decision making--which will be critical as Satyam moves into its revival phase," said Deepak Parekh, a member of the Satyam board.

Satyam's abrupt need for a new leader resulted from the revelation that the past chairman and founder Ramalinga Raju had been inflating Satyam's earnings and assets by over US$1 billion.

"I have no misgivings about the enormity of the task in front of us, but together with my colleagues, I am confident we can accomplish the impossible... We will chart a precise and practical 30- to 60- to 90-day plan that will encompass and address the interests of all stakeholders," Murty said.

"In our interactions over the past few weeks, we are convinced that Satyam needs an internal leader to steer it at this critical juncture and [Murty] has the required bandwidth and support," Parekh said.

The board also announced the appointment of two special advisors to the board to help in management and finance areas.

Topics: CXO, Outsourcing, IT Employment

Suzanne Tindal

About Suzanne Tindal

Suzanne Tindal cut her teeth at ZDNet.com.au as the site's telecommunications reporter, a role that saw her break some of the biggest stories associated with the National Broadband Network process. She then turned her attention to all matters in government and corporate ICT circles. Now she's taking on the whole gamut as news editor for the site.

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