IT firm LTIMindtree appoints Venu Lambu as CEO designate

Over the coming months, Lambu will work closely with Debashis Chatterjee, CEO & MD, LTIMindtree, to ensure a smooth and seamless transition.
Venu Lambu (Photo | Special arrangement)
Venu Lambu (Photo | Special arrangement)
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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, had quit in January 2023. He later joined as the CEO of Randstad Digital, the $3 billion digital arm of Randstad.

This announcement comes days after the resignation of the company's president of global markets Sudhir Chaturvedi.

LTIMindtree said on Friday that the Board has decided to appoint Venu Lambu as the CEO (Designate) & Whole Time Director based out of London with immediate effect. "This strategic decision marks a significant milestone in the leadership succession plan and reinforces our commitment towards profitable growth & stakeholder value creation," the company said in a statement.

Over the coming months, Lambu will work closely with Debashis Chatterjee, CEO & MD, LTIMindtree, to ensure a smooth and seamless transition.

SN Subrahmanyan, Chairman LTIMindtree said, “This move reflects our dedication to fostering a seamless transition in leadership, preserving the company's legacy, and positioning us for future opportunities. Venu is a bright leader who has amazing solutions providing capabilities and a phenomenal networker. We are confident that Venu’s home coming to L&T will take LTIMindtree into its next chapter of growth and this will further strengthen our position as a leading global IT services provider.”

Lambu is a global executive leader with more than 30 years of experience in driving strategies and hyper growth in the Technology and Services industry, the company said. Prior to Randstad Digital, he was President & Executive Director in Mindtree, responsible for global markets transformation and delivered consistent profitable growth.

In the past, he has held leadership positions at Cognizant, HCL Technologies and IBM.

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