 "Mastek")
Mastek on Wednesday announced that it has appointed John Owen as its Group CEO to take over from Sudhakar Ram, with immediate effect. Owen will be based in the UK.
Owen has played senior sales and marketing roles in growth organisations like Serco, HP and Nortel over the last 25 years. In his last job at Serco, he was the Sales and Marketing Director for UK and Europe, where his responsibilities included handling the UK Government — Serco’s largest customer.
“I am very pleased to bring on board a seasoned sales and marketing leader like John. With his deep expertise in business development and his track record in delivering growth — especially the UK government market — John is the right person to get Mastek back on a growth trajectory,” said Ram.
Sudhakar Ram will now function as Vice Chairman and Managing Director.
John Owen said “Mastek has an excellent reputation with its customers. I am both excited and honoured to be leading the growth strategy with the team and look forward to be working with Sudhakar and the Board. Mastek has solid fundamentals and I am encouraged by the opportunities we can address and the value we can create for all our stakeholders”.
For the second quarter of FY17, Mastek’s consolidated net profit more-than-doubled to Rs 7.7 crore for the quarter, despite decline in operational income. The firm registered a profit of Rs 2.7 crore in the year ago quarter. Total income from operations declined 4.3 per cent at Rs 126 crore in Q2FY17 against Rs 132 crore in Q2FY16.
