In the mid of an open offer process, Mindtree board on Thursday approved the appointment of L&T’s nominees as directors, which included the engineering major’s Chief Executive Officer (CEO) and Managing Director S N Subrahmanyan and its Chief Financial Officer (CFO) Ramamurthi Shankar Raman, among others.
In an exchange filing, the IT firm said its board had approved induction of five new directors into the company’s board, which will come for shareholders’ approval in its next annual general meeting on July 16. Apart from CEO and CFO of L&T, Jayant Damodar Patil, whole time director and senior executive vice-president for L&T’s defence business, will also be part of the firm’s board.
All the three L&T nominees will come as non-executive directors.
