MindTree announced that Vice Chairman Subroto Bagchi will be the new Chairman with effect from April 1.
Briefing reporters, current Chairman Alfred Hieronimus said the time has come for a “full time” chairman to take over the reigns. “A year ago, we went through troubled waters.
On business side, there was a loss of focus and strategy. The entry and exit from the mobile business had hurt our profitability. It was also a critical period due to the exit of Ashok Soota…. But we have made major improvement in the last one year. We have bagged one big account and crossed US$100 million in one quarter. Our strategy is also becoming clearer and we are gearing up to achieving our goals, he added.
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