One year post the LTIMindtree merger—bringing together L&T Infotech and Mindtree—the organization's senior leadership experiences ongoing turbulence. Within a span of just over a month, LTIMindtree has introduced three new Chief Business Officers (CBO) for its business units, namely, retail and consumer goods, manufacturing, and life sciences and healthcare.
This development follows closely on the heels of the resignation of the company's Chief Marketing Officer (CMO), Paresh Vankar, who departed just 10 months after joining in January, announcing his departure in October.
Analysts suggest that these recent changes underscore the company's continued struggle with integration-related challenges. Despite the reassurance from the company regarding client satisfaction and seamless delivery amid a substantial merger and integration, the succession of leadership adjustments implies ongoing complexities.
In the latest development this week, Aditi Banerjee assumed the role of CBO for Life Sciences and Healthcare at the company. With over 25 years of experience, Banerjee has previously worked with organizations such as DXC Technology, Accenture, HCL Technologies, and Infosys.
Last month, LTIMindtree appointed Samir Gosavi as CBO for Retail & Consumer Goods, and simultaneously promoted Rajesh Sundaram to CBO for the Manufacturing business unit. Before joining LTIMindtree, Samir served as the global head of brand and communications at Zensar Technologies, while Rajesh held the position of executive vice president for manufacturing at LTIMindtree.
Notably, other major IT companies are also witnessing significant departures at the senior level. In a recent development, HCLTech experienced the exit of Appa Rao V V, the former Chief Human Resources Officer (CHRO), on November 22, just 13 months after his appointment. In an organizational restructuring in October 2022, he had been appointed as the Chief Delivery Officer.
In November, Tech Mahindra welcomed Peeyush Dubey as its new Chief Marketing Officer. Prior to this role, Dubey served as the CMO for both Mindtree and LTI until 2022. Following that, he spent just over a year at the AI analytics solutions company, TheMathCompany, and had previously worked for over a decade with Infosys as the Global Marketing Head.
Likewise, Wipro experienced the departure of another senior executive, as Santosh Joshi, the Program Director and Delivery Head, resigned from the IT major to assume the position of Senior Vice President at Citi this month.
