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News: Cyient has informed stock exchange that it has re-organised its leadership structure wherein Krishna Bodanapu, MD & CEO has relinquished the post of CEO while he will continue as MD & Executive Vice Chairman of the company. The company further informed that Karthik Natarajan, current ED & COO was appointed as ED & CEO of the company with immediate effect. Prabhakar Atla, President & Global Head of Aerospace, Rail & Communications is appointed as President & CFO designate. Mr Atla will take over the CFO’s position from Ajay Agarwal who is due to retire on April 20. The company had earlier informed that it had appointed Antony Montalbano as CEO of Cyient DLM. Cyient further informed that the Karthik Natarajan, CEO of Cyient and Antony Montalbano, CEO of Cyient DLM will report to Krishna Bodanapu, MD & Executive Vice Chairman. Mr Karthik’s and Mr Krishna’s appointment are valid till April 3,2026
Views: The re-alignment is as per two separate units i.e Cyient, which will focused on technology services & Cyient DLM, which will be taking care of design led manufacturing , which will be operational from few months now. The appointment of two leaders are till April 2026 but considering their age, we can see further extension from there on, which will provide a long run away. Karthik was COO of the company and it is likely that the company may do away with this position, which is in line with some of its peers. The appointment of CFO was, however, an unusual move considering his 17+ years of experience at Cyient handling multiple responsibilities including sales & strategy sans any finance role
Impact: Neutral