UST Global, a leading multinational digital and tech services firm, has announced that Krishna Sudheendra, the company's current President & CFO, has been named CEO. Sajan Pillai is retiring as CEO but will stay on the Board of Directors for the next year in support of a successful transition. The company became a unicorn last year when it raised $250 million from Temasek, Singapore’s sovereign wealth fund.
The leadership transition could indicate that UST Global could be gearing up for an IPO in the near future. The company admitted last year in conjuntion with the fundraise that they had an interest in going public. Sudheendra background as President & CFO of the company positions him well to lead the company through such a process. During his 15+ year career with UST Global, he has successfully led customer and market expansion fueling industry leading growth of the company. He was instrumental in securing private equity investment to power UST Global through its evolution.
Paras Chandaria, Chairman of UST Global, said: "This announcement is the successful culmination of a multiyear succession plan to select the best leader for UST Global. With a stellar track record as the company's President and CFO, we look forward to what Krishna will bring to the company as its CEO. On behalf of the entire board, I thank Sajan for his leadership and his numerous contributions to UST Global's recent success. We appreciate his service and commitment to UST Global and will work together on future venture-driven endeavors."