Vineet Nayyar as a new Chairman for Satyam
Hyderabad: After the board meeting held on Wednesday, Mahindra Satyam have announced that Vineet Nayyar, who was the Vice-Chairman of the company, will now take the role of Chairman. Mahindra Satyam statement also said that the company had appointed former Sebi Chairman M Damodaran and Gautam Kaji as additional directors with immediate effect, expanding its board to eight members, according to Economic Times.
Meanwhile, the company said it had appointed Deloitte Haskins and Sells as the company's statutory auditor for fiscal year ended March 31, 2009 as well as fiscal year ended March 31, 2010. Deloitte Haskins and Sells, one of the two audit firms roped in by the postscam Satyam Board to restate accounts, will vet the accounts of Mahindra group company for the 2008-09 and 2009-10 fiscals as statutory auditor.
The company, which was acquired by Tech Mahindra in April, has secured time until June 2010 from the Company Law Board to file financials, including quarterly results.
Previous post's: Nokia gold-plated 6700 Classic phone
