Mid tier IT company Mindtree appoints new CEO

Q.  Which company has named Rostow Ravanan as their new CEO?
- Published on 19 Jan 16

a. Magnet360
b. MindTree
c. Semantic Power
d. None of the above

ANSWER: MindTree
 
Mid-tier IT company Mindtree has named Rostow Ravana as the new CEO and appointed Krishna kumar Natarajan as executive chairman as one looks for growth acceleration. Bangalore based IT company also purchased US based Magnet360 for USD 50 million that includes an upfront payment of USD 37 million and earnest and additional payments of USD 13 million over a span of the next 2 years. Company’s board has also made the recommendation of a 1:1 issue of bonus shares.

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