As per a TOI report, Deshpande is planning to relocate to the US. In 2018, before the acquisition, LTI named Deshpande as its COO. He is also overseeing the implementation of MCA21.
Deshpande previously served as Cognizant’s SVP and global delivery head for banking and financial services, reporting to Chatterjee, who was then EVP and president of global delivery at the Nasdaq-listed company.
Meanwhile, Chaturvedi has been a key strategist of the company’s transformation across brand development, market development, and business development activities, as per the report.
An LTI Mindtree spokesperson told TOI, “Succession planning is an integral part of every organisation’s growth strategy. Under Debashis Chatterjee’s leadership, LTIMindtree has made its mark as a Nifty 50 company and a challenger brand in the IT industry. He continues to be the CEO & MD at LTIMindtree. Beyond this, we do not wish to comment on any speculations.”
According to Phil Fersht, CEO of US-based IT advisory HfS Research, Deshpande take the role based on his experience and leadership abilities. Ray Wang, CEO of Constellation Research, highlighted that both candidates possess extensive experience and global expertise, having taken LTI public.
Discover the stories of your interest
The company last month appointed Vipul Chandra as the chief financial officer (CFO) of the company with effect from April 25, 2024.
Chandra will take over from Vinit Teredesai, who has been CFO of the Mumbai-based technology consulting and digital solutions company since June 2020 and will continue to serve as CFO till April 24. Teredesai has decided to pursue his professional interest outside the company, the company said.
