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Global Mergers, Local Ripples: Consolidations reshape India's ad land as clients seek 'single-window' partners
On February 13, information technology compan, LTIMindtree said it is unlikely to extend the term (which will end next year) of Debashis Chatterjee, the company’s chief executive officer. To fill in the position, LTIMindtree has identified two internal candidates for the top job.
Nachiket Deshpande, chief operating officer, and Sudhir Chaturvedi, president, are touted as the top contenders for the CEO position. This is because the board prefers to have an insider who could handle the responsibilities of the position, stated the report.
These changes come amidst a weak client demand in the face of inflationary pressures and global macroeconomic uncertainty that has rocked the Indian IT industry.
After Larsen & Toubro’s L&T Infotech and MindTree merged in November 2022, Chatterjee took up the responsibilities in the very same month. His term is due to end in late 2025.
As India eyes global leadership in media, entertainment and gaming, Storyboard18's Digital Entertainment Summit, set to take place on June 27 in the capital, will spotlight the bold strategies, policy pathways and creative innovations shaping the future of the industry.
Read MoreFrom the chiefs of Nestle, Diageo, Colgate, PepsiCo, Zetwerk and CRED to AI visionaries, marketing mavens, top creators, ad legends and leading global agencies' CEOs, the brightest minds converged at the Storyboard18 Global Pioneers Summit for an action-packed day of meaningful dialogues on creativity, commerce and culture.