On February 13, information technology compan, LTIMindtree said it is unlikely to extend the term (which will end next year) of Debashis Chatterjee, the company’s chief executive officer. To fill in the position, LTIMindtree has identified two internal candidates for the top job.
Nachiket Deshpande, chief operating officer, and Sudhir Chaturvedi, president, are touted as the top contenders for the CEO position. This is because the board prefers to have an insider who could handle the responsibilities of the position, stated the report.
These changes come amidst a weak client demand in the face of inflationary pressures and global macroeconomic uncertainty that has rocked the Indian IT industry.
After Larsen & Toubro’s L&T Infotech and MindTree merged in November 2022, Chatterjee took up the responsibilities in the very same month. His term is due to end in late 2025.
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