Intimation attached
Awaiting price reaction for this filing.
LTIMindtree announced that its CEO & Managing Director Debashis Chatterjee opted for early retirement due to personal reasons, effective end of business on May 30, 2025, cutting short his term which was scheduled to run until November 13, 2025. The Board appointed Venu Lambu, who was already serving as CEO Designate, as the new CEO & Managing Director with effect from May 31, 2025, for a term up to January 23, 2030. Venu brings 30+ years of experience, including a prior stint at LTIMindtree (Oct 2020–Jan 2023) where he led global markets delivering 5x growth, and most recently served as CEO of Randstad Digital (a USD 3 billion business). Under Chatterjee's leadership since 2019, LTIMindtree grew to become India's sixth-largest IT services firm by revenue following the L&T Infotech-Mindtree merger. The board recorded deep appreciation for Chatterjee's contributions and emphasized that the succession is part of a planned, orderly transition with continuity assured.
This is a planned internal succession rather than a sudden exit, which should help limit stock volatility. Venu's prior familiarity with LTIMindtree's business and his strong credentials may support continued growth momentum, though investors will watch early strategic signals closely.