Satyam Computer Services Ltd.
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Publicatie datum
16 jan 2009 - 17:29
Statutaire naam
Satyam Computer Services Ltd.
Titel
Additional Members Appointed to Satyam Board
Bericht
Hyderabad, INDIA, January 16, 2009: Satyam Computer Services Limited (NYSE: SAY), a global business and information technology services provider, welcomed today the appointment by the Ministry of Corporate Affairs, Government of India, of three additional members to the company’s board of directors.
The newly appointed members are:
• Mr. T.N. Manoharan, a former president of the Institute of Chartered Accountants of India;
• Mr. Tarun Das of the Confederation of Indian Industry, a leading business association;
• Mr. S Balakrishna Mainak of the Life Insurance Corp. of India.
“Satyam welcomes the addition of these distinguished board members, who were selected for their leadership and expertise in industry matters, investments and accounting. As the reorganization of the board of directors proceeds, the company is better positioned to focus solely on ensuring continued service to customers and restoring stakeholder confidence,” the company said.
The appointments bring to six the number of board members named by the Ministry of Corporate Affairs. On January 11, the Ministry had named to the board Mr. Deepak S. Parekh, Chairman of HDFC Bank; Mr. Kiran Karnik, former President of NASSCOM; and Mr. C. Achuthan, Director at the National Stock Exchange, former Member of SEBI, and former Chairman of Securities Appellate Tribunal.
The company stated that it had completed disbursement of the first of two cycles of salary payments of its workforce in the United States for the month of January 2009.
“The addition of these new members to the board of directors signals the beginning of a strong new foundation for Satyam. We embrace the new board members and look forward to working closely with them,” a Satyam spokesperson added.
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