Digital transformation solutions company UST Global has announced that Sajan Pillai is retiring as CEO and has in turn named Krishna Sudheendra, CFO and President, as his successor.
Pillai, who has been with UST Global for over 20 years, will remain on the Board of Directors and work for the next one year with Krishna and the leadership team as part of a successful transition.
Pillai has led to the formation of a robust start-up ecosystem in the company with an eye on innovation. He will continue to focus on this through a new venture fund while serving on the board.
The ecosystem is a significant space for bringing innovation to the UST Global clients and growth for the company going forward, said Pillai.
Sudheendra has been serving as President during the past year already. During his 15 years, he has successfully led customer and market expansion at the company.
Sudheendra was instrumental in securing private equity investment to power UST Global through its evolution. Last year, Singapore-based Temasek had become its first institutional investor by acquiring a minority stake.
In addition to strengthening global operations, Sudheendra implemented strong financial systems, governance and controls to optimise performance and productivity.
Paras Chandaria, Chairman, Board of Directors, said that this represents the successful culmination of a multi-year succession plan to select the best leader for UST Global.
Source: The Hindu