News: Tough road ahead deters candidates for iGate's CEO post

C-Suite

Tough road ahead deters candidates for iGate's CEO post

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 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.

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Topics: C-Suite, #Corporate

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