IT firm Cyient has appointed Vikas Sehgal, executive vice-chairman of Rothschild Global Advisory for South and South East Asian region and global head of the automotive sector, as an independent director.
The firm also announced the appointment of Peter F. Longo, who recently retired from United Technologies Corporation (UTC), to the board of Cyient Inc. with effect from October 1. Mr. Longo has been appointed as the chairman of Cyient Inc.
The firm said on Monday that with Mr. Sehgal’s appointment, Cyient’s board will expand to ten directors, six of whom serve as independent directors.Since January 2016, he has been an adviser to the government of India, working with the office of the Prime Minister and Ministries of Heavy Industries and Commerce. He is involved with the formulation and implementation of India’s industrial policy.
With Mr. Longo’s induction, the board would be further strengthened to provide fiduciary, operational and strategic guidance to the management of Cyient Inc., which is largest subsidiary of the company, the release said.
Mr. Longo has held numerous senior leadership positions across UTC, including chief financial officer roles at the former UTC Propulsion & Aerospace Systems, as well as at UTC Aerospace Systems, Hamilton Sundstrand and Sikorsky Aircraft Corporation. He joined UTC in 1988 at its Pratt & Whitney division and held several key positions there including vice-president, controller; vice-president, chief information officer; and vice-president and general manager, Enterprise Resource Planning (worldwide SAP implementation), before moving to Sikorsky in 2003.
Executive Chairman of Cyient B.V.R.Mohan Reddy said during Mr. Sehgal last stint on the board “we greatly benefitted from his guidance on strategy and execution and I look forward to his continued insights into our strategy evolution.”
