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Mastech Digital Announces Leadership Change In Its Data and Analytics Services Business Segment

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Mastech Digital, Inc. (NYSE American: MHH) announces the immediate resignation of Ganeshan Venkateshwaran as CEO of its Data and Analytics Services segment. The Board of Directors expresses gratitude for his dedication during his tenure. Vivek Gupta, the current President and CEO, will temporarily oversee this segment until a successor is appointed. Mastech Digital specializes in Digital Transformation IT Services including Data Management and Analytics Solutions, and IT Staffing Services, with operations in the U.S., Canada, Europe, and India.

Positive
  • Leadership transition may bring fresh perspectives to the Data and Analytics segment.
Negative
  • Immediate resignation of a segment CEO may signal instability within the company's leadership structure.

PITTSBURGH, Nov. 1, 2022 /PRNewswire/ -- Mastech Digital, Inc. (NYSE American: MHH), a leading provider of Digital Transformation IT Services, today announced the resignation of Mr. Ganeshan Venkateshwaran, as the Chief Executive Officer of the Company's Data and Analytics Services Business segment, effective immediately.  On behalf of Mastech Digital's Board of Directors, we thank Ganeshan for his efforts and commitment to the Company during his tenure and wish him success in his future endeavors.

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Until Mr. Venkateshwaran's successor is in place, Vivek Gupta, the Company's President and Chief Executive Officer, will serve as the chief executive of the segment.

About Mastech Digital, Inc.:

Mastech Digital (NYSE American: MHH) is a leading provider of Digital Transformation IT Services.  The Company offers Data Management and Analytics Solutions, Digital Learning, and IT Staffing Services with a Digital First approach. A minority-owned enterprise, Mastech Digital is headquartered in Pittsburgh, PA with offices across the U.S., Canada, Europe and India.

Forward-Looking Statements

Certain statements contained in this release are forward-looking statements within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995.  Words such as "expects," "anticipates," "plans," "believes," "estimates", "plans", "will" and "projects" and variations of these words and similar expressions are intended to identify forward-looking statements. These statements are based on information currently available to Mastech Digital and it assumes no obligation to update the forward-looking statements as circumstances change. These statements are not guarantees of future performance and involve certain risks and uncertainties, which are difficult to predict and many of which are outside of the control of Mastech Digital. Therefore, actual future results and trends may differ materially from what is forecast in forward-looking statements due to a variety of factors, including, without limitation, the risks and uncertainties that are described in more detail in Mastech Digital's filings with the Securities and Exchange Commission, including its Form 10-K for the year ended December 31, 2021.

For more information, contact:

Donna Kijowski
Manager, Investor Relations
Mastech Digital, Inc.
+1-888-330-5497

 Logo: https://mma.prnewswire.com/media/1039524/Mastech_Digital_Logo.jpg

Cision View original content:https://www.prnewswire.com/news-releases/mastech-digital-announces-leadership-change-in-its-data-and-analytics-services-business-segment-301665478.html

SOURCE Mastech Digital, Inc.

FAQ

What recent leadership change occurred at Mastech Digital (MHH)?

Ganeshan Venkateshwaran resigned as CEO of the Data and Analytics Services segment effective immediately, and Vivek Gupta will take over temporarily.

Who will lead Mastech Digital's Data and Analytics Services segment after the resignation of Venkateshwaran?

Vivek Gupta, the President and CEO of Mastech Digital, will serve as the interim leader of the segment.

What is the impact of the leadership change on Mastech Digital (MHH)?

The leadership change could introduce new strategies or challenges, potentially affecting the performance of the Data and Analytics Services segment.

When did Ganeshan Venkateshwaran resign from Mastech Digital?

Ganeshan Venkateshwaran resigned on November 1, 2022.

Mastech Digital, Inc.

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