The search for a new head at iGate to replace Phaneesh Murthy - who was fired in mid-May - is proving more difficult than earlier imagined as stiff challenges facing the Nasdaq-listed company discourage potential candidates, Economic Times reported.
The CEO search has been on for about two months now after the board fired Murthy for not disclosing a relationship with a subordinate. Concerns deterring potential candidates include the huge debt that iGate racked up to buy Patni Computer - a firm three times its size - in 2011.
Read the full report here
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