LTIMindtree chairman A M Naik steps down; S N Subrahmanyan appointed as chairman

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.