Satyam may soon get a new CEO and CFO

The government appointed three-member board of the scandal-hit Satyam Computer will soon be expanded with a chief executive officer, a chief financial officer among other directors.

The newly-constituted board of Satyam today said that it has launched a search to identify candidates for the positions of chief executive and chief financial officer to fill the vacancies from the resignations of Rama Raju, Satyam's former CEO, and Srinivas Vadlamani, former CFO.

Meanwhile official sources at the ministry of corporate affairs said "more directors will be appointed within two days."

Reports said the government is likely to consider former chairman of Hindustan Unilever Ashok S Ganguly to the Satyam Board.

As per the Company Law Board (CLB) decision on Satyam, the board of the IT major can have a maximum of 10 directors.