Technology solutions company Cyient has appointed its chief operating officer and executive director, Karthik Natarajan, as chief executive officer. He will continue to have the additional role of ED.
Krishna Bodanapu, Managing Director and CEO, has been renamed Executive Vice-Chairman and Managing Director.
Prabhakar Atla, President and Global Head (Aerospace, Rail and Communications), has been appointed President-Elect and Chief Financial Officer. He will take over as CFO following the departure of incumbent Ajay Aggarwal on April 20.
“We made the changes to accelerate technology-led growth,” said a company executive.
Cyient DLM has been spun off
In the meantime, the board has approved the restructuring of the company into two separate operating entities to support their individual growth momentum.
A draft Red Herring prospectus (DRHP) has been submitted to take the design-led manufacturing business (Cyient DLM) through an initial public offering (IPO).
Antony Montalbano has been appointed CEO of Cyient DLM. Cyient Limited and Cyient DLM CEOs will report to Krishna Bodanapu.
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