Thursday, December 18, 2008

Patni Appoints Jeya Kumar As Chief Executive Officer - Dec 18, 2008

Patni Computer Systems Ltd has informed regarding a Press Release dated December 18, 2008 titled Patni appoints Jeya Kumar as Chief Executive Officer; Narendra Patni to continue as Chairman.

Press Release : Patni Computer Systems, a leading global IT services provider, today announced the appointment of Mr. Jeya Kumar as Chief Executive Officer. Mr. Kumar will come on board February 2009 and will be responsible for driving the companys operations. Mr. Narendra K Patni will continue as Chairman of the Board of Directors.

Loek van den Boog who was appointed as Executive Director earlier this year will handover the operational responsibilities to Jeya and continue as a non-executive director on Patnis board.

Commenting on the appointment, Mr. Narendra K Patni, Chairman of the Board of Directors, Patni said, This is in line with our succession planning and strengthening the operational leadership of the Company. I am excited with Jeya joining as CEO of the Company in view of his extensive experience in this market segment and his excellent track record.

Mr. Jeya Kumar said, Patni has been a pioneer in the IT Services industry and white I eagerly await taking over as its CEO, I realize that I am stepping into the shoes of an illustrious leader. I look forward to working with Mr. Patni, the Board of Directors and employees to maximize shareholder value and take the Company into its new growth phase.

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