Persistent Systems Limited appoints Mr. Sandeep Kalra as CEO

The Board of Directors of Persistent Systems Limited, at its meeting held through tele-conferencing on October 21, 2020, October 22, 2020 and October 23, 2020 and concluded on October 24, 2020, has appointed Mr. Sandeep Kalra, Executive Director and President as the Chief Executive Officer ('CEO') of the Company with effect from October 23, 2020. Accordingly, his designation has been changed to 'Executive Director and Chief Executive Officer'. He shall hold office of CEO for a period of 5 (Five) years i.e. up to October 22, 2025.

Sandeep Kalra is Executive Director and President of Persistent Systems. In this role he is responsible for setting the strategic direction and managing the sales, delivery functions for the Technology Services business.

Sandeep joined Persistent from HARMAN Connected Services (HCS), a Samsung company where he was responsible for the global P&L for the Digital Transformation Solutions Business unit, a team of 7000+ experts delivering solutions across Software Products, Platform Development, Analytics, IoT, AI and Machine Learning.

Sandeep is a veteran in Outsourced Product Development & IT Services. Prior to HARMAN, he has held multiple leadership roles with HCL Technologies, including Vice President, Healthcare & Emerging Markets and Vice President, LATAM & Canada.

Sandeep is an alumnus of the Indian Institute of Management, Calcutta, India.

Shares of PERSISTENT SYSTEMS LTD. was last trading in BSE at Rs.1171 as compared to the previous close of Rs. 1179.95. The total number of shares traded during the day was 13343 in over 2517 trades.

The stock hit an intraday high of Rs. 1224 and intraday low of 1151.25. The net turnover during the day was Rs. 15789952.

Source : Equity Bulls

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