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Feb 5, 2009

Board appoints A S Murty as Satyam's CEO

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The six-member Satyam Computer Services board has named AS Murty as the Satyam new Chief Executive Officer (CEO) of the scam hit company. AS Murty was formerly, Head, Delivery and Leadership Development of Satyam.

The important decision was taken by the board members after having two day meeting over this in Hyderabad. The board also announced the appointment of Homi Khusrokhan, former managing director of Tata Chemicals, and Partho Datta, Murugappa Group’s former director (finance) as special advisors to the board to assist in management and finance areas, respectively.

The board today confirmed receiving bank sanctions of Rs 600 crores as a planned fund infusion towards working capital requirements.


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