TROY, Mich. - March 17, 2006 - Syntel, Inc. today announced that Paul Donovan, former Executive Vice President and CIO of ING Americas, has joined the Company's Board of Directors.
"Paul will be a tremendous asset to our Board of Directors," said Bharat Desai, Syntel's Chairman and CEO. "His deep business and technology expertise, combined with his dual perspective from both the client and service provider sides, will bring a lot of value as we continue with our investments and growth. We are all looking forward to working closely with him."
"Syntel has a strong model and business plan with a solid reputation among Global 2000 companies," said Donovan. "It is a fascinating time for this industry and the Company is in a dynamic growth phase. I am looking forward to being a part of it and making a contribution to the Company's future success."
Mr. Donovan is a senior executive with more than 30 years of experience in global information technology, corporate strategy and management, customer service, and professional services. A leader in business improvement through information technology, he has a strong track record as a change agent.
Mr. Donovan most recently served as Executive Vice President and CIO for ING Americas where he merged technology and infrastructures of several companies into one large financial services company. Prior to that, he held several CIO and executive positions at Fidelity Investments and led a consulting practice at Coopers and Lybrand. Early in his career, he was founder and principal for a software and services company, Advanced Information Management Inc.
Mr. Donovan has delivered addresses at several technology and financial services forums and led seminars at the undergraduate and graduate level. He received the Insurance and Technology Elite 2002 award and was recognized by the CIO Forum as one of the top Financial Services IT Executives, 2001-2003.
He holds a Bachelor's in Business Administration from University of Massachusetts and is a former U.S. Army officer.