Mindtree CEO Rostow Ravanan, 2 others quit days after L&T takes control

Within days of L&T gaining control of Mindtree, the IT firm Friday said its Chief Executive Officer Rostow Ravanan, Chairman Krishnakumar Natarajan and Vice Chairman Parthasarathy NS have quit.

Over the last few weeks, there were speculations that Ravanan was on his way out. Reports had suggested that the construction major had asked Ravanan to step down as the new owners were preparing the grounds for a top management overhaul at the Bengaluru-based company.

“…at the board meeting held on July 5, 2019, Krishnakumar Natarajan (Executive Chairman), Parthasarathy NS (Executive Vice Chairman and Chief Operating Officer) and Rostow Ravanan (CEO and Managing Director) have submitted their resignations as members of the board of directors of Mindtree and as employees of the company,” Mindtree said in a regulatory filing.