Monday, April 20, 2009

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Tech Mahindra to retain Satyam management team

Tech Mahindra, the new owner of Satyam Computer Services, has decided to continue with the current management of the scam-hit firm for the transition period. Its priority is to focus on making Satyam’s business viable by halting customer attrition, boosting employee morale and leveraging the best practices of Satyam. “The plan is to work with the current management. The focus is more on governance and restoring customer confidence,” said a source close to Tech Mahindra. However, it will also soon name a chief financial officer, who may not be an insider. The CFO’s post had been vacant after S Vadlamani, the earlier CFO, quit.


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