(20 second reading) LTIMindtree, India’s fifth largest IT company, witnessed a spate of senior-level exits with the latest resignations of Pankaj Chugh and Gregory Dietrich, both executive vice-presidents of global sales..
Chugh and Dietrich’s exit follows that of Vinit Teredesai who resigned as the chief financial officer in 2024. Before that, Dilip Panjwani, then head of cyber security practice, exited the firm in January 2024.
Since the merger of Larsen & Toubro Infotech and Mindtree was announced in May 2022, which became operational in November of that year, there have been several high-profile exits from the merged entity.
Following the development, LTIMindtree shares lost more than 2% to become the top Nifty 50 loser.