Business Standard

Satyam CFO puts in papers, board yet to decide

Image

BS Reporter Hyderabad

Satyam Computer Services Chief Financial Officer (CFO) Srinivas Vadlamani tendered his resignation today. The board, however, is yet to accept it, said company interim Chief Executive Officer Ram Mynampati at a press conference here.

At first, he maintained that Vadlamani skipped the press conference for personal reasons and that he was at home but constantly in touch with the company leadership. Later, he admitted that Vadlamani resigned today.

"We are assessing the situation and will look to appoint an interim CFO immediately,'' he said without specifying who the incumbent would be.

He said there are a number of people in-house, who fit the bill but the company would not rule out appointing an external CFO.

 

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jan 08 2009 | 6:35 PM IST

Explore News