The members are: -- Mr. Deepak S. Parekh, Chairman of HDFC Bank -- Mr. Kiran Karnik, former President of NASSCOM -- Mr. C. Achuthan, Director at the National Stock Exchange, former Member of SEBI, and former Chairman of Securities Appellate Tribunal.
"Satyam welcomes this key development, which will ensure the company's
continued operations, help maintain customer confidence and associate morale,
and restore investor trust. The new members are eminent and accomplished
leaders, recognized in
The board is expected to meet within the next 24 hours.
"This is a vital stabilizing development for Satyam, and it marks the beginning of a new chapter in the company's history. It is the best news we've received in the past four weeks," a company spokesperson added.
About Satyam
Satyam (NYSE: SAY), a leading global business and information technology services company, delivers consulting, systems integration, and outsourcing solutions to clients in 20* industries and more than 65* countries.
Satyam leverages deep industry and functional expertise, leading technology practices, and an advanced, global delivery model to help clients transform their highest-value business processes and improve their business performance. The company's 52,865* professionals excel in engineering and product development, supply chain management, client relationship management, business process quality, business intelligence, enterprise integration, and infrastructure management, among other key capabilities.
Satyam development and delivery centers in the US,
*As of September 30, 2008 Satyam Contacts: For clarifications, write to us at MediaRelations@Satyam.com Or contact our global Satyam PR representatives at: India Deepa Jayaraman deepa.jayaraman@ipan.com +91-981-980-8681 Ajith Henry ajith.henry@ipan.com +91-982-081-4870 US Melissa Baratta mbaratta@ricochetpr.com +1-212-679-3300 ext. 118 Europe Sandeep Thawani Sandeep_Thawani@Satyam.com +44-783-010-3838 Asia-Pacific Dan Bleakman Dan@howorth.com.au +61-439-408-484 Reshma Wad Jain Reshma@wer1.net +65-98-140-507
Safe Harbor
This press release contains forward-looking statements within the meaning
of section 27A of Securities Act of 1933, as amended, and section 21E of the
Securities Exchange Act of 1934, as amended. The forward-looking statements
contained herein are subject to certain risks and uncertainties that could
cause actual results to differ materially from those reflected in the forward-
looking statements. Satyam undertakes no duty to update any forward-looking
statements. For a discussion of the risks associated with our business, please
see the discussions under the heading "Risk Factors" in our report on Form 6-K
concerning the quarter ended
SOURCE Satyam Computer Services Limited