Bangalore: Mid-tier software firm Mphasis Ltd has appointed Friedrich Froeschl, who heads Hi Tec Invest GmBH and Co., a German private equity management and consultant firm, as its new non-executive chairman.
It has also rejigged its board by getting four executives from its majority investor Hewlett Packard Co. as directors, replacing Brittania Industries Ltd chief executive Vinita Bali and three others.
Froeschl, who has been on the Mphasis board as an independent director since March 2009, replaces Andy Mattes, who is resigning, the company said in a statement on Thursday. Francesco Serafini, executive vice-president of emerging markets at HP, will be Mphasis’ new vice chairman.
