BENGALURU-Mid-size tech services firm UST Global has elevated its chief financial officer Krishna Sudheendra as the chief executive officer with immediate effect. Sudheendra is taking over as the CEO from Sajan Pillai, who has retired.
Pillai will continue as a member of the company’s board. Pillai played a key role in creating start-up ecosystem at UST Global through investments and would continue to focus on this through a new venture fund while serving on the Board, said the company in a press release.
During his stint at UST for more than 15 years, Sudheendra hasled customer and market expansion for the company and he was instrumental in securing private equity investment to power UST Global through its evolution, said the company. “In addition to strengthening global operations, he implemented strong financial systems, governance and controls to optimize performance and productivity.”
The company last year raised $250 million from Singapore’s sovereign wealth fund Temasek to fund expansion and acquisitions.
“With a stellar track record as the company’s President and CFO, we look forward to what Krishna will bring to the company as its CEO. On behalf of the entire board, I thank Sajan for his leadership and his numerous contributions to UST Global’s recent success. We appreciate his service and commitment to UST Global and will work together on future venture-driven endeavors,” Paras Chandaria, Chairman, UST Global, was quoted saying in the release.
Source: Economic Times