Satyam names new leaders at the top
Adopts the ‘grow leaders from within’approach.
- S V Krishnan to head HR
- Pavan Kumar is the new CTO
- Vijay Prasad is the new CIO
- Hari T to head Marketing
HYDERABAD, Aug. 17, 2007: Satyam Computer Services, Ltd. (NYSE:SAY), a leading global consulting and information technology services company, today announced that four of their senior executives have taken on different leadership responsibilities in strategic areas of the organization.
Effective immediately, S.V. Krishnan will lead Human Resources; Pavan Kumar is Chief Technology Officer; Vijay Prasad is Chief Information Officer & Head of Soft Infra group and Hari T (former HR head) will lead Global Marketing and Communications.
“These moves are a reflection of Satyam’s long-term strategy and adhere to our grow-leaders-from-within approach, to help position Satyam to excel. For a fast-growing company like ours, these four positions—CTO, CIO, HR head, and Marketing Head —represent critical elements of our corporate infrastructure,”said Satyam CEO, B. Rama Raju. “These four leaders with long stints in the company bring a rich understanding of the company and will play extremely important roles in our success —in the short term, and well into the future.”
In addition, Rama Raju said, the naming of these executives to such important posts illustrates its commitment to optimizing the talent of its leadership team and creating leaders from within. Krishnan, for example, a five-year Satyam veteran, has led large business teams and was leading the GE business relationship for Satyam. Hari T, the erstwhile HR head and an industry expert, has helped the company grow ten multi-fold over the last 9 years and garnered national and international recognition as a Best Employer. In his new role, Hari will be based in New Jersey, USA to help further the Satyam brand. Vijay Prasad has been leading Satyam’s Enterprise Applications and Business Intelligence Practice for more than a decade which has been one of the company’s most substantial and strategic businesses. Pavan Kumar was playing the role of a Technical Solution Architect and Expert and has been building competency in Tools and Technologies relevant to Satyam's business prior to assuming his new role as the Chief Technology Officer. He will work in realizing Satyam’s strong belief of investing in technologies to provide cost effective and creative solutions to help customers run their business effectively helping them reduce their total cost of ownership.
Growth through leadership
Growing leaders faster than competition is one of the key strategies through which Satyam differentiates itself in a highly competitive and dynamic IT services market. Customers today seek trusted advisors and winning partnerships –a relationship that goes beyond the ‘project mindset’. What reinforces the sustainability of this relationship is the ability to deliver business solutions along with technology interventions. A broader worldview, ability to lead cross-cultural teams, mentoring skills of the highest order are some of the key traits that are required to succeed as a global leader capable of engaging customers, associates and investors.
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This press release contains forward-looking statements within the meaning of section 27A of Securities Act of 1933, as amended, and section 21E of the Securities Exchange Act of 1934, as amended. The forward-looking statements contained herein are subject to certain risks and uncertainties that could cause actual results to differ materially from those reflected in the forward-looking statements. Satyam undertakes no duty to update any forward-looking statements. For a discussion of the risks associated with our business, please see the discussions under the heading “Risk Factors”in our report on Form 20-F concerning the quarter ended March 31, 2007, furnished to the United States Securities Exchange Commission on April 30, 2007 and the other reports filed with the Securities Exchange Commission from time to time. These filings are available at http://www.sec.gov.
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