Mindtree at life high, up 3.5% on roping in top executives

Moneycontrol Bureau

Shares of Mindtree hit a record high of Rs 1,453.55 on Tuesday after the software firm appointed Ramesh Pillai as head of high-tech vertical and Mark Wilsdon as head of sales for UK and EU operations. The stock gained 3.5 percent in intraday trade.

"Ramesh and Mark will play a crucial role in the implementation of company's strategy to expand globally by delivering expertise-driven solutions with a deep understanding of both technology and industry-specific business models," Krishnakumar Natarajan, CEO and MD said.

Pillai joined Mindtree after a 13-year tenure at HCL, where he last served as the vice president and global head of core manufacturing market segments. Wilsdon has more than 30 years of experience in the global IT services market. He has held sales leadership positions at Capgemini, Unisys and EDS, according to a release.

At 12:44 hours IST, the stock was trading at Rs 1,427.25, up 1.63 percent on the BSE.