New Board of Directors Appointed at Satyam Computer Services (SAY)
Satyam Computer Services Limited (NYSE: SAY) said that it welcomes the Ministry of Corporate Affairs' appointment of three distinguished members to a newly formed board of directors for the company.
The members are:
-- Mr. Deepak S. Parekh, Chairman of HDFC Bank
-- Mr. Kiran Karnik, former President of NASSCOM
-- Mr. C. Achuthan, Director at the National Stock Exchange, former Member
of SEBI, and former Chairman of Securities Appellate Tribunal.
The board is expected to meet within the next 24 hours.
"This is a vital stabilizing development for Satyam, and it marks the beginning of a new chapter in the company's history. It is the best news we've received in the past four weeks," a company spokesperson added.
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Satyam is a leading global business and information technology services company, delivers consulting, systems integration, and outsourcing solutions to clients in 20 industries and more than 65 countries.
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