MindTree co-founder chairman quits

Leading IT consultancy and product engineering services firm MindTree Ltd co-founder Ashok Soota Friday resigned as the chairman and the member of the board here.In a regulatory filing, the city-based company said Soota had requested the board to release him as an employee and executive chairman from March 31, 2011."The decision to resign was for personal reasons. It is something I have thought about for a few months and arrived at a well-considered conclusion. I will finalise and announce my plans for a new business venture soon after my departure from the company," Soota said in a statement here.

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