IT company LTIMindtree on Wednesday said its chairman A M Naik has decided to step down from the post and announced the appointment of S N Subrahmanyan as the new chairman. Naik announced the decision at the company's 28th Annual General Meeting held on Wednesday.
Following this, the board of the company has appointed S N Subrahmanyan, (Vice-Chairman), as Chairman with effect from June 27, 2024, according to a regulatory filing.
"The Board of Directors and the LTIMindtree family places on record, a deep sense of appreciation for Naik's remarkable efforts in founding this company and his unwavering dedication towards building this information technology giant within the L&T group..." the filing said.
"I feel privileged to have not only led such a great organisation but also laid the foundation for future growth and success," Naik said.
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