Names Shortlisted for Satyam CEO,CFO

HYDERABAD Jan 23: Satyam Computer said it has shortlisted three candidates for the post of CEO and CFO and was close to arranging funds to meet immediate
requirements like salary payments, while dispelling doubts about employee numbers — 53,000.

The government-appointed board, which met for two days from Thursday, is expected to formally announce before January 28 the funding arrangements, which will address the company's operational needs till the end of March 2009.

Commenting on the doubts raised on the headcount, the board said: "Prima facie there appears to be no basis to doubt the same. The independent investigation process is expected to reaffirm this fact in the coming weeks."

Satyam director Deepak Parekh indicated that the immovable properties of the company, including campuses, could be mortgaged to raise funds as "they are free of any encumbrance."

The collections from receivables have been robust so far making the cash position a little better, the company said in a statement after the board meeting.

Parkeh had earlier said that 40 applications had been received for the post of CEO and CFO.

The board announced that it has narrowed the shortlist for the CEO and CFO to the final three and finalise the decision in the ensuing week.

"This is a crucial decision for the company and its stakeholders," said the statement quoting the board, whose meeting was chaired by Tarun Das.
(Source TOI)