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Satyam board meets; no decision on tying funds, hiring CEO

Satyam board meets; no decision on tying funds, hiring CEO
PTI
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First Published: Thu, Jan 22 2009. 05 25 PM IST
Updated: Thu, Jan 22 2009. 05 25 PM IST
Hyderabad: Satyam Computer’s board on Thursday held a meeting to discuss the immediate problems at hand — that of finding a new CEO and CFO, and tying up funds for operating the business.
“There is no decision yet on CEO and CFO, but the board has discussed the applications received by it for these two posts. Arrangement of funds for the running of the company also dominated the discussion,” sources in the know said.
Board member Deepak Parekh had on Wednesday said that the board had received 40 applications for the post of CEO.
The board will meet again on Friday to carry on the discussions.
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First Published: Thu, Jan 22 2009. 05 25 PM IST