Tuesday, March 31, 2009

Mindtree to undertake organisational restructuring

IT solutions company Mindtree on Tuesday said it will undertake an organisational restructuring and also rejig the senior management from April 1, with the objective of becoming a one billion dollar entity.

The restructuring would include entering new market segments, setting up new business units, and new roles for senior management, the company said in a statement.

Post the restructuring, the current Chairman and Managing Director, Mr Ashok Soota would assume the role of MindTree's executive chairman.

In his new role, Mr Soota would focus on strategic initiatives and long-term development. However, Mr Soota would continue to be the chairman of the board.

Mr Krishnakumar Natarajan, currently MindTree's CEO, would take over the position of CEO and MD. He would be responsible for MindTree's day-to-day operations.

The company further added that it would focus on five business areas - IT services, product engineering services, infrastructure management and technical support, independent testing and the newly formed knowledge services.

“Being focussed on the five business units will not only enable faster growth in our chosen areas, but will also help MindTree build greater capacity. This is significant milestone in Mindtree's journey towards becoming a one billion dollar organisation, ” Mr Soota said

No comments: