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Persistent Systems appoint Ambuj Goyal on board; stock skids ~2%

8 Jun 2022 , 02:15 PM

Persistent Systems Limited informed that on the basis of the recommendation of the Nomination and Remuneration Committee of the Board of Directors of the Company, the Board at its meeting held on June 7, 2022, has appointed Ambuj Goyal as an Additional Director (Independent Member) of the Company.

His appointment is with immediate effect i.e., from June 7, 2022 (IST) for a period of 5 years, subject to approval by the Shareholders of the Company at its ensuing Annual General Meeting.

Goyal is a Senior executive with year-after-year success in achieving revenue, profit, and growth objectives in technology-driven businesses, including starting new ones, turnaround situations, and a startup.

He has an extensive experience with highly innovative systems and software businesses, which require a deep understanding of technology and critical business drivers in multiple markets and industries.

At around 2.14 PM, Persistent Systems was trading at Rs3,642 down by Rs61.4 or 1.66% from its previous closing of Rs3,703.40 on the BSE.

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