Industry analysts highlighted margin volatility, positioning of the brand along with other Tier-I rivals, top level exodus as concerns needing to be solved for.

For Lambu, this will not be his first stint in the Mumbai-based company, which ended last year with $4.29 billion in revenue. Lambu worked in Mindtree Ltd in 2020 as its president and executive director,

To ensure a smooth transition in the management, Venu Lambu will work alongside Debashis Chatterjee, chief executive officer and managing director at LTIMindtree.

LTIMindtree [NSE: LTIM, BSE: 540005], a global technology consulting and digital solutions company, announced that the Board has decided to appoint Venu Lambu as the CEO (Designate) & Wholetime Director based out of London with immediate effect.

Venu had earlier left LTIMindtree to join Randstad Digital as its CEO, focused on global capability centres (GCCs) business in India and driving its revenues. In his previous roles, he also held various positions at Cognizant, HCL Technologies, and IBM.

BENGALURU: LTIMindtree has named its former president, Venugopal (Venu) Lambu, as CEO designate and director effective Friday, with a five-year tenure. Operating from London, Lambu represents a rare instance of a senior executive returning to assume the CEO position at his former company.

BENGALURU: The country's sixth largest IT firm LTIMindtree has announced the appointment of former president Venu Lambu as CEO designate. Lambu, who was working with the company as whole-time director and markets president,

LTIMindtree, India's sixth-largest IT firm, said on Friday that former president Venugopal Lambu would return as CEO after a two-year stint at Randstad Digital, to replace Debashis Chatterjee, whose term ends in November.