Murty appointed as new Satyam CEO

Scam-hit Satyam Computer Services on Thursday announced the appoint of
A S Murty as the CEO and said it has received bank sanction for Rs 600
crore for meeting working capital requirements. The Satyam Board which
met here announced that it has appointed A.S. Murty as Satyam's Chief
Executive Officer, effective immediately.

A S Murty (known as 'ASM') has been with Satyam since Jan 1994. He has
seen Satyam growing from less than 100 associates to more than 50,000
associates, during this period. Currently, he is responsible for
Delivery Excellence (in his capacity as Chief Delivery Officer) and
also Leadership Development. As part of Leadership Development, ASM
integrates Satyam's Real Time Leadership Center and Satyam Learning
World.

This is a unique opportunity to provide direction and guidance and I
accept it with all humility. I have no misgivings about the enormity
of the task in front of us, but together with my colleagues, I am
confident we can accomplish the impossible. I look forward to working
very closely with the Board, our Advisors and all Satyamites – to
restore Satyam to its well-deserved glory. We will chart a precise and
practical 30 – 60 – 90 day plan that will encompass and address the
interests of all stakeholders." Murty said