BANGALORE -- Ram Mynampati, the former interim chief executive of fraud-hit Satyam Computer Services Ltd., now called Mahindra Satyam, has resigned from the company, Mahindra Satyam's newly appointed chief executive said Wednesday.
U.S.-based Mynampati, who was the president of the commercial and healthcare divisions, has been replaced by Keshav Panda, C.P. Gurnani told Dow Jones Newswires.
Mr. Panda was the company's Europe head as well as heading its manufacturing, automotive, energy and utilities services divisions. Gurnani declined to elaborate on Panda's replacement.
Mr. Mynampati, also a former board member, had taken over as the interim chief executive in January after founder and former chairman B. Ramalinga Raju revealed he overstated Satyam's profits and revenue and created fictitious cash balances.
Mr. Mynampati was subsequently removed after the government stepped in and disbanded the board and appointed new directors. He has since been in the U.S. and couldn't be immediately reached for comment.
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