MUMBAI, India--(BUSINESS WIRE)--Jan 24, 2025--
LTIMindtree [NSE: LTIM, BSE: 540005], a global technology consulting and digital solutions company, announced that the Board has decided to appoint Mr. Venu Lambu as the CEO (Designate) & Wholetime Director based out of London with immediate effect. This strategic decision marks a significant milestone in the leadership succession plan and reinforces our commitment towards profitable growth & stakeholder value creation.
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Over the coming months, Mr. Venu Lambu will work closely with Mr. Debashis Chatterjee, CEO & MD, LTIMindtree, to ensure a smooth and seamless transition. This period will allow him to gain deeper insights into the current operations, yearly budget and strategic plans.
Mr. S.N. Subrahmanyan, Chairman, LTIMindtree, commented that, “This move reflects our dedication to fostering a seamless transition in leadership, preserving the company's legacy, and positioning us for future opportunities. Venu is a bright leader who has amazing solution providing capabilities and a phenomenal networker. We are confident that Venu’s home coming to L&T will take LTIMindtree into its next chapter of growth and this will further strengthen our position as a leading global IT services provider.”
Venu is a global executive leader with more than 30 years of experience in driving strategies and hyper growth in the Technology and Services industry. He is an industry thought leader advocating the value propositions of Application, Cloud Services, Infrastructure and Edge Computing. In his previous role, he was the CEO of Randstad Digital, the $3 billion digital arm of Randstad, which looks to tap into global capability centres (GCCs) in India to drive revenue through its people-centric approach.
Prior to this he was President & Executive Director in Mindtree, responsible for Global Markets transformation and delivered consistent profitable growth. In the past, Venu has held leadership positions at Cognizant, HCL Technologies, and IBM. Venu earned his bachelor's degree in Electronics Engineering from the University of Mysore and a general management certification from London School of Business.
About LTIMindtree:
LTIMindtree is a global technology consulting and digital solutions company that enables enterprises across industries to reimagine business models, accelerate innovation, and maximize growth by harnessing digital technologies. As a digital transformation partner to more than 700 clients, LTIMindtree brings extensive domain and technology expertise to help drive superior competitive differentiation, customer experiences, and business outcomes in a converging world. Powered by 86,000+ talented and entrepreneurial professionals across more than 40 countries, LTIMindtree — a Larsen & Toubro Group company — solves the most complex business challenges and delivers transformation at scale. For more information, please visit www.ltimindtree.com.
Venu Lambu, CEO (Designate) & Wholetime Director, LTIMindtree. (Photo: Business Wire)
“The Great American State Fair” is a series of concerts, exhibits, tributes and other programs scheduled to take place June 25 to July 10 on Washington’s National Mall. It was organized by Freedom 250, which is billed as a nonpartisan organization but was launched last year by President Donald Trump and is headed by a Trump State Department appointee from his first term, the businessman-philanthropist Keith Krach.
On Wednesday, Freedom 250 announced that Bret Michaels, the Commodores and Martina McBride would be among the musical performers, some of whom were slated for an “I Love the ’90s” show on June 26.
But by late Thursday, Michaels, the Commodores and McBride had dropped out, as did Morris Day and Young MC.
Michaels and others have said that they were misled about the theme of the shows or were otherwise wary of being caught up in a political fight. In an Instagram post, Michaels wrote that he had thought his show would be a chance to “honor our veterans, active military, first responders, teachers and hardworking Americans from all walks of life.” But he concluded that the event had “evolved into something much more divisive” and referred to “threats that are completely unfounded and unforgivable.”
McBride also issued an Instagram statement, saying she had been “presented with an opportunity to perform at a nonpartisan event but that turned out to be misleading.” Young MC expressed similar sentiments in an Instagram post, while the Commodores released a brief statement saying they chose “not to publicly affiliate with any single political party.”
As of Friday morning, performers still expected to appear include Flo Rida, Vanilla Ice and Fab Morvan of Milli Vanilli, the Grammy-winning duo from the late 1980s-early 1990s who were discredited after reports that Morvan and fellow front man Rob Pilatus did not sing on the records and lip-synced on stage. (The actual singers, including sisters Jodie and Linda Rocco, told The Associated Press that they were not invited).
Morvan told the AP in an emailed statement that he was "here to entertain and unite people, not divide them.”
"Let’s celebrate life & music and take a trip down memory lane,” he said.
A representative for Vanilla Ice told the AP in an email that the “Ice Ice Baby” rapper was “proud to help celebrate America’s 250th Anniversary!"
"Everyone is welcome to attend and celebrate USA’s Birthday and our Freedom!” the representative said.
A Flo Rida representative did not immediately respond to a request for comment.
Freedom 250 organizers have yet to respond to AP requests for comment. Freedom 250 spokeswoman Rachel Reisner told The New York Times in a statement that “Freedom 250 is focused on our signature celebrations and events that honor our history and engage all Americans.”
Trump, a Republican, has some prominent supporters in the entertainment industry, including Sylvester Stallone and Nicki Minaj, but many more have shunned him. Taylor Swift, Robert De Niro,Billie Eilish and Bruce Springsteen are among those who have endorsed Democrats and/or condemned Trump, while Elton John, Kenny Loggins and others have objected to their music being used for Trump rallies or Trump videos. After the president ousted the leadership last year at the Kennedy Center and had his own name placed on the building’s facade, numerous artists, including Bela Fleck, Renée Fleming and Issa Rae, called off scheduled appearances.
FILE - Martina McBride performs, Oct. 28, 2022, in Nashville, Tenn. (AP Photo/Mark Humphrey, File)
FILE - Young MC performs during the "I Love The 90's" tour on Aug. 7, 2022, at RiverEdge Park in Aurora, Ill. (Photo by Rob Grabowski/Invision/AP, File)
FILE - In this Oct. 26, 1992 file photo, Fabrice Morvan, left, and Rob Pilatus of Milli Vanilli perform during the taping of the Arsenio Hall Show in Los Angeles. (AP Photo/Craig Fujii, File)
FILE - Singer Brett Michaels performs at halftime of an NFL football game between the Detroit Lions and the Arizona Cardinals in Glendale, Ariz., Sept. 8, 2019. (AP Photo/Rick Scuteri, File)
