Mahindra Satyam (erstwhile Satyam Computers Ltd.) and Tech Mahindra Ltd., two major players in the Indian IT landscape, announced the launching of its ambitious innovative program of 'Young CEO' showcasing the agility of a start-up and the experience of a behemoth.
The 'Young CEO' program is designed to nurture Young Leaders to take on significant roles with end-to-end responsibility in the areas of M&A, new business initiatives, platform, or developing a new geography.
The 'Young CEO' will be fully empowered to run the sales, delivery and the domain arenas. The program will faster innovation by encouraging a start-up mindset, while providing early leadership opportunities to the associates.
Mahindra Satyam and Tech Mahindra aims to develop 30 Young CEOs in the system by 2015. The Young CEO program is 'by invitation only' program where the members are hand-picked by the management council.
Mahindra Satyam CEO and Tech Mahindra MD C.P. Gurnani commented, "I would like to focus on creation of our CEO FORCE - a model of distributed leadership comprising home-grown leaders and young talent within the organization, who work collaboratively and interdependently to achieve the purpose of our Mission 2015. Our Young CEO program is part of unearthing hi-potentials from deep within, encourage the start-up mindset, provide early leadership opportunities and reflect the theme of being the largest start up in letter and spirit."
At the BSE, Satyam Computer Services shares are currently trading at Rs.109.20, down 1.58 percent, while that of Tech Mahindra at Rs.954.60, down 1.64 percent from the previous close.
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