LTIMindtree has appointed Venugopal (Venu) Lambu as CEO designate and whole-time director, effective immediately as of January 24, 2025. Lambu, who previously served as president and executive director at LTIMindtree from 2020 to 2023, returns after a two-year stint as CEO of Randstad Digital. His extensive experience spans over 30 years in the technology and services industry, including leadership roles at Cognizant, HCL Technologies, and IBM.Lambu will work closely with outgoing CEO Debashis Chatterjee over the coming months to ensure a smooth transition.
He is expected to lead the company for the next five years, focusing on revitalizing sales and profitability amidst a challenging market environment. This strategic move follows recent leadership changes within the company and aims to reinforce LTIMindtree's position as a leading global IT services provider.Chairman SN Subrahmanyan expressed confidence in Lambu's capabilities, highlighting his strong networking skills and solution-oriented approach. Analysts view his appointment as a crucial step in addressing margin volatility and enhancing the company's competitive positioning in the market, particularly in key sectors like BFSI and healthcare