3 shortlisted for Satyam CEO, CFO
New
Delhi,
Jan
24:
To
save
the
sinking
Satyam,
the
new
six
member
board
is
in
charge
of
controlling
the
damage.
Hunt
for
new
CEO,
CFO
has
already
begun
and
its
not
an
easy
task.
Resumes
for
the
two
posts
is
outpouring
and
board
shortlisted
40
applications
in
this
regard.
Though
selections
will
be
done
next
week,
three
names
are
in
the
air
for
the
two
posts.
However, there names are yet to be known. They are looking for a CEO who can handle the situation and lead the Satyam to new transition. In a communication to the Bombay Stock Exchange, the board said the new CEO will be a leader of global standing and recognition.
The funding arrangements for Satyam is in final stages, the new board told to BSE. Funds to meet the immediate requirements like salary payments are being raised. On a query on the exact number of employees, the board said: "Prima facie there appears to be no basis to doubt the same. The independent investigation process is expected to reaffirm this fact in the coming weeks."
Satyam
director
Deepak
Parekh
indicated
that
the
immovable
properties
of
the
company,
including
campuses,
could
be
mortgaged
to
raise
funds
as
"they
are
free
of
any
encumbrance."
The
funding
arrangements
would
be
made
before
Jan
28.
This
would
help
the
company's
operational
needs
till
the
end
of
March,
2009.
In a statement after the board meeting it said : ' the collections from receivables have been robust so far making the cash position a little better". However, the immovable properties of the company is free from any encumbrances. This is a sigh of relief for the sinking Satyam.
OneIndia News (With inputs from Agencies)