Leadership Changes in Mindtree Following Change of Control, Business News

PUBLISHED ONJuly 05, 2019 4:01 PM

WARREN, New Jersey and BANGALORE, India, July 6, 2019 /PRNewswire/ -- Mindtree, a global technology services and Digital transformation company, announced that Krishnakumar Natarajan, Executive Chairman, N S Parthasarathy, Executive Vice Chairman and Chief Operating Officer and Rostow Ravanan, CEO and Managing Director have submitted their resignations as members of the Board of Directors of Mindtree Ltd and as employees of the company. They will stay as Board members till 17 July 2019 and as employees in line with their employment contracts to ensure smooth transition. Further, along with the other founders of the company, they have asked the company to de-classify them as promoters under applicable laws.

The company will announce a new leadership team in due course.

"Mindtree has delivered exceptional performance for all our stakeholders over the last 2 decades through our differentiated strategy and unique culture. We are grateful to all our customers, Mindtree Minds and external stakeholders for their steadfast support throughout our journey," said Krishnakumar Natarajan, Executive Chairman, Mindtree. "We wish the new leadership team at Mindtree the very best."

About Mindtree

Mindtree [NSE: MINDTREE] is a global IT consulting and services company which helps clients across 17 countries achieve business agility, competitive edge, and growth. We harness the power of Continuous Delivery, our digital expertise, industry knowledge, and research in emerging technologies to drive efficiencies and enable business innovation for over 349 clients.

Mindtree is consistently regarded as one of the best places to work. This is a reflection of our entrepreneurial, collaborative and dedicated "Mindtree Minds" who embody the winning culture that defines our commitment to excellence, innovation, and co-creation.

To learn more about us, visit www.mindtree.com or follow us @Mindtree_Ltd

Safe harbour

Certain statements in this release concerning our future growth prospects are forward-looking statements, which involve a number of risks, and uncertainties that could cause our actual results to differ materially from those in such forward-looking statements. We do not undertake to update any forward-looking statement that may be made from time to time by us or on our behalf.

Visit us at www.mindtree.com. For more information, contact:

Contacts:
INDIA
Rahul Nag
Mindtree
+91-9958644228
Rahul.Nag@mindtree.com

UNITED STATES
Erik Arvidson
Matter Communications
+1-978-518-4542
earvidson@matternow.com

EUROPE
Susie Wyeth
Hotwire
+44 (0) 207-608-4657
susie.wyeth@hotwireglobal.com

Mindtree Limited, Global Village, RVCE Post, Mysore Road, Bangalore-560059;
CIN: L72200KA1999PLC025564; Phone: + 91-80-6706-4000; Fax: +91-80-6706-4100;
E-mail: info@mindtree.com / investors@mindtree.com; Website: www.mindtree.com