Tech Mahindra appoints CP Gurnani as MD

Mahindra Satyam CEO CP Gurnani

MUMBAI: Tech Mahindra has appointed CP Gurnani, credited with the turnaround of the scam-hit Mahindra Satyam, as its managing director. "CP's journey as the turnaround CEO is now complete and I congratulate him as he takes on this additional critical responsibility," Mahindra Group Chairman Anand Mahindra said in a statement.

The decision was taken at the board meeting which was held in Mumbai on last Friday, the statement added. Mahindra Group had announced amalgamation of its two technology companies under which Mahindra Satyam was merged with parent Tech Mahindra, creating a $2.4-billion entity.

In April 2009, Tech Mahindra took over the reins of Satyam Computer Services — which was hit by a multibillion dollar accounting scam by its then promoter B Ramalinga Raju— by picking up a 31% stake for $351 million, in a deal monitored by the government. The company was rebranded as Mahindra Satyam.

"Tech Mahindra has been instrumental in shaping my career and the opportunity at Mahindra Satyam helped me build on that foundation," Gurnani said. Earlier, he headed Tech Mahindra's global operations, sales and marketing functions, and led the development of the company's competency and solution units.

He is an alumnus of the National Institute of Technology (NIT), Rourkela, and has held several key positions in IT companies such as Hewlett Packard, Perot Systems (India) and HCL in his career of over 31 years.

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