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News: Cyient informed the stock exchange that it has appointed Mr Sukamal Banerjee as the CEO of the company for a period of 5 years effective 19th February 2025. Mr. Banerjee is a leader in the engineering sector and has established and grown business lines and created market-leading business partnerships for global accounts that have an engineering and technology focus. He has previously worked with HCL Tech as Vice President responsible for engineering business and most recently, was the CEO and Member of the Board of Xoriant, a leading digital engineering company.
View: The exit of erstwhile CEO had left a leadership vacuum and the appointment bodes well. Nonetheless, we await growth outlook commentary under new CEO.
Impact: Neutral