TN Manoharan named new Satyam Chairman

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TN Manoharan, former Chief of the Institute of Chartered Accountants of India, has been named the Chairman of Satyam Computer Services Ltd. Manoharan was appointed the Chairman post a meeting of the six-member Satyam board on today.

Now the newly appointed Satyam board is hunting for a CFO to steer the company out of the ongoing troubles. CNBC-TV18 brings a report on the potential candidates for the post.

First on the list is V Balakrishnan, also known as Balki, is the former CFO of the global IT business at Wipro. According to industry circles, choice of the CFO will depend largely on who becomes the CEO. Since former Wipro Vice-Chairman Vivek Paul is seen as a favourite, the odds are in favour of Balki. He is presently the President and Chief Executive, Strategic Business Development at Quatrro. Incidentally, CMD of Quattro, Raman Roy, is also seen a CEO candidate of Satyam.

Featuring next in the list is Alok Mishra. He is currently the CFO of WNS. Previously, he was the group CFO at Mphasis. He left the company last year after the EDS takeover.

Also in the running is Ravi Ramu, currently the Finance Director of the real estate company Purvankara. Earlier, he took over as Group CFO after Alok Mishra at Mphasis. Industry watchers say, both Mishra and Ramu are known for their proximity to former Mphasis boss Jerry Rao, who is also in the reckoning for the post of CEO of Satyam.