LTI Mindtree’s Succession Race: COO and Sales President Vying for Top Job

LTI Mindtree's Succession Race: COO and Sales President Vying for Top Job

08 April 2024 – COO Nachiket Deshpande and President Sudhir Chaturvedi in Contention:

LTI Mindtree’s Chief Operating Officer (COO) Nachiket Deshpande and President of Sales Sudhir Chaturvedi are competing for the CEO position as Debashis Chatterjee’s tenure nears its end next year.

Deshpande’s Background and Role:

Nachiket Deshpande, who was named LTI’s COO in 2018 before the acquisition, is overseeing critical projects like MCA21 and is considering relocating to the US. He brings extensive experience from his previous roles, including senior positions at Cognizant.

Sudhir Chaturvedi has played a vital role in LTI Mindtree’s transformation, particularly in brand development, market expansion, and business development strategies.

An LTI Mindtree spokesperson mentioned that succession planning is part of the organization’s growth strategy and highlighted Chatterjee’s leadership in positioning LTI Mindtree as a Nifty 50 company and an industry challenger.

Industry experts such as Phil Fersht and Ray Wang acknowledge the leadership qualities and global expertise of both candidates, indicating a strong foundation for the company’s future under new leadership.

Recent CFO Appointment:

The company also recently appointed Vipul Chandra as the Chief Financial Officer (CFO), effective April 25, 2024, succeeding Vinit Teredesai, who will continue until April 24 and then pursue opportunities outside the company.