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Former Mphasis EVP Ganesh Murthy to be Dell Services CFO

LiveMint logoLiveMint 09-06-2014 PTI

New Delhi: Technology giant Dell Inc. has appointed former Mphasis Ltd executive vice-president Ganesh Murthy as vice-president and chief financial officer (CFO) of Dell Services.

Based in Bangalore, Murthy will report to Dell senior vice-president and CFO Thomas Sweet and Dell Services president Suresh Vaswani, the firm said in a statement on Monday.

Murthy joins Dell from Mphasis, a subsidiary of Hewlett-Packard Co. (HP), where he worked for five years serving as executive vice-president and CFO. Prior to that, he was finance director for HP GlobalSoft Ltd in Bangalore and had also held leading finance positions at Texas Instruments and Thomson Multimedia.

“Ganesh’s deep business and finance acumen, impressive track record of financial leadership and strong services background make him a great fit for his new role with Dell Services,” Vaswani said.

His appointment will help execute Dell Services’ long-term strategy of innovating and driving value for customers and the transformation of business with disciplined cost management, he added.

On his appointment, Murthy said: “Dell has begun a new chapter as a private company. That, along with the tremendous market potential that Dell Services offers, makes this a very exciting opportunity.”

Last week, Dell Services had announced that Prasad Thrikutam, formerly in charge of strategic sales, marketing and alliances at Infosys Ltd, would join the firm as president and global head of its application services division from 28 July.

In September last year, Dell stockholders approved the proposal in which Michael Dell, Dell’s founder, chairman and chief executive officer (CEO), acquired Dell in partnership with global technology investment firm Silver Lake Partners.

The merger transaction closed on 29 October 2013, and the firm’s common shares were subsequently de-listed from the Nasdaq stock market. According to the company’s last filing to the exchanges, Dell Services accounted for $2.13 billion (over 14% of the company’s total revenues of $14.5 billion) for the quarter ended 2 August 2013.

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