Sudhakar Ram to take additional charge

Barry Yard, Managing Director of the UK unit of software solutions company Mastek, has put in his papers.

Interestingly, his position will be taken over by Mastek’s Managing Director and Chief Executive Officer Sudhakar Ram, who is based in Mumbai. Ram is to relocate to the UK and hold the additional charge of CEO for its operations in the UK.

Confirming the development, Farid Kazani, Chief Financial Officer of Mastek, said that Yard will leave Mastek by June-end and that he is currently in the process of transitioning his responsibilities to his successor.

“Ram has been closely interacting with the team in UK. Since our India business is currently stable, we thought it is better to have somebody like Sudhakar in the UK, instead of a new person,” Kazani told Business Line. Ram will be in the UK for a two-year period. The UK accounts for 48 per cent of Mastek’s total revenues, which is roughly about 50 million pounds per annum.

Yard took over as Managing Director of Mastek UK in August 2009. He joined Mastek from Siemens where, as Executive Director, he was responsible for the Telco, Media, Utilities and Transportation industry sectors in the UK.

On March 13, Mastek had announced that its subsidiary Majesco Mastek signed an agreement with the US-based Maryland Automobile Insurance Fund for providing administration and billing solutions.

(This article was published on March 14, 2013)
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