Persistent Systems Limited announced that Mr. Sunil Sapre, Executive Director and Chief Financial Officer willing to relinquish the position of Chief Financial Officer (`CFO') effective from the closure of business hours on May 15, 2024 (IST). The Board of Directors approved the appointment of Mr. Vinit Teredesai as the Chief Financial Officer of the Company with immediate effect. With immediate effect on May 15, 2024 (IST) to perform the duties
assigned to Mr. Teredesai as the Chief Financial Officer of the Company from time to time. Mr. Teredesai has over 28+ years of experience in finance, accounting, auditing, taxation, fund raising, risk management, mergers and acquisitions, and corporate restructuring. Earlier, he had served as the CFO of LTIMindtree Limited and prior to that as the CFO of Mindtree Limited. Mr. Teredesai is a qualified Chartered Accountant, Cost and Management Accountant, and a Certified Public Accountant of the USA. He has also completed a General Management Program from the Massachusetts Institute of Technology (MIT) ­ Sloan School of Business focusing on strategy, innovation, and technology.