IT services firm Mindtree on Friday named former Cognizant executive Debashis Chatterjee as its new managing director and chief executive officer.

The company also said S N Subrahmanyan, CEO of Larsen & Toubro Ltd (L&T), would be appointed as non-executive vice chairman.

L&T's hostile bid to acquire a controlling stake in Mindtree was the first in country's software services industry.