Four Tech Mahindra directors on Satyam board

27 May 2009

The Satyam board now comprises ten directors, including the six directors appointed in January by the central government pursuant to the orders of the Company Law Board.

The six government-appointed directors - Kiran Karnik, Deepak S. Parekh, C. Achuthan, Tarun Das, S. Balakrisha Mainak and T.N. Manoharan - will continue on the board of Satyam until further orders of the Company Law Board, the company said in a release.

Satyam had, on 22 May, announced that the appointment of the Venturbay directors to its board would be effective as of 1 June 2009. However, the board has now decided to advance the effective date of their appointment to 27 May 2009.

Vineet Nayyar has been designated as whole time director of Satyam Computer services effective 1 June 2009. Nayyar, 70, is vice chairman, managing director and chief executive of Tech Mahindra.

Nayyar also serves as a director on the boards of directors of Kotak Mahindra Old Mutual Life Insurance Limited, The Great Eastern Shipping Company Limited, CanvasM Technologies Limited, Venturbay Consultants Private Limited, Mahindra United World College of India, and Tech Mahindra Foundation.

Gurnani, 50, is the head of Tech Mahindra's global operations, sales and marketing functions, and leads the development of Tech Mahindra's competency and solution units.