INDIA: In a significant development indicating a strategic realignment in its human resources hierarchy, LTIMindtree has announced the appointment of Chetana Patnaik as its incoming Chief Human Resource Officer (CHRO), effective April 1, 2024. Patnaik assumes this key role as Manoj Shikarkhane, the present CHRO, readies for a transition to a new position within the company, where he will play a pivotal role in supporting the CEO’s office across various strategic organizational endeavors, as detailed in a regulatory filing.
The announcement comes amidst a series of leadership changes within the IT services firm, with the recent resignation of Chief Financial Officer (CFO) Vinit Teredesai, who made his departure following the appointment of Vipul Chandra to the role.
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Bringing a wealth of experience to her new role, Patnaik previously served as the Head of Human Resources & CSR for L&T’s Transportation Infrastructure business, where she oversaw HR functions for a workforce exceeding 6000 employees. Her responsibilities encompassed talent pipeline development, learning and development initiatives, and fostering a culture of inclusion and learning through organizational development and diversity programs.
Navigating Leadership Transitions: Chetana Patnaik’s Storied Career and LTIMindtree’s Strategic Evolution
Notably, Patnaik played a pivotal role as the HR representative during L&T’s acquisition of Mindtree Limited, facilitating the integration of HR functions between LTI and Mindtree. Her extensive background includes tenure at prominent organizations such as GVK Group, Reliance Infrastructure, and Gati, amassing over 27 years of experience in various human resource capacities.
Patnaik’s journey within the L&T Group commenced in 2012 when she assumed the role of Head of Strategic Leadership Talent Acquisition under the leadership of A.M. Naik and S.N. Subrahmanyan’s office in Mumbai. Her demonstrated track record in strategic talent acquisition and HR leadership positions her favorably for the challenges ahead in her new capacity.
As LTIMindtree navigates these leadership changes, speculation mounts regarding the future CEO role, with current CEO Debashis Chatterjee slated for retirement in 2025. Chief Operating Officer Nachiket Deshpande and President Sudhir Chaturvedi emerge as potential successors, according to media reports.
With Patnaik’s appointment, LTIMindtree underscores its commitment to managing these transitions seamlessly and sustaining its trajectory of growth and innovation in the competitive IT services sector.
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