Cyient DLM CEO Anthony Montalbano resigns; Rajendra Velagapudi to oversee operations
By News Desk Published on May 9, 2025, 16:18 IST
Cyient DLM Limited on Thursday announced that Anthony Montalbano has resigned as Chief Executive Officer (CEO) of the company, effective May 8, 2025, due to personal reasons. The resignation was formally noted by the company's Board of Directors.
In the interim, Rajendra Velagapudi, the Managing Director of Cyient DLM, will take over the responsibility for the company's overall operations with immediate effect. A structured transition process has been put in place to ensure business continuity, with Mr. Montalbano assisting in the handover during the coming days.
In his resignation letter, Mr. Montalbano said, 'It has been a privilege being the CEO of the company for the past two and a half years. I express my sincere gratitude to the Board, employees, and stakeholders for their support and cooperation during my tenure. I confirm that there is no other material reason for my resignation.'
The company confirmed that the disclosure complies with the regulatory requirements under Regulation 30 of SEBI (LODR) Regulations, 2015, and the SEBI and stock exchange circulars dated July 2023. The change in leadership was effective as of 6:25 AM IST on May 9, 2025.
Cyient DLM stated that the development has been communicated to stock exchanges and the information is also available on its official website.
News desk at BusinessUpturn.com
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