Ashok Soota, executive chairman, was in talks with Gulati about the location transition for quite some time, keeping organisational needs in mind.
Bangalore-based Happiest Minds Technologies, a three-year-old IT services startup floated by former MindTree chairman and co-founder Ashok Soota, Friday said that the company's chief executive officer and managing director Vikram Gulati has decided to step down from his position, according to a VCCircle report.
Ashok Soota, executive chairman, was in talks with Gulati about the location transition for quite some time, keeping organisational needs in mind, as the board members feeling the need of CEO and MD to be located in Bangalore.
But since it did not fit into Gulati's personal priorities, it was mutually decided that Vikram Gulati should be free to pursue a path outside while Happiest Minds would initiate a search for his successor.
“Vikram has contributed enormously to getting Happiest Minds off the launching pad and achieve record-breaking performance. We wish him all the best in his career ahead,” Soota said in the statement.
“Happiest Minds’ search for the CEO and MD’s successor has progressed well and we will announce the name of the new CEO in due course,” he added. Gulati’s last day at Happiest Minds will be October 31, 2014.