MUMBAI: Lycos has announced the appointment of Y.Ramesh Reddy as the group chief financial officer and executive director (finance) for the entire group. Reddy will report to the chairman and CEO Suresh Reddy and will oversee corporate finance, financial strategy, investor relations and reporting for the company. He will work closely with regional and global financial teams to raise the bar further on strengthening the financial foundation and fiscal discipline of the company.

Lycos is working on a meaningful and widespread reorganization of the group. These changes, the company says, are designed to simplify the way it interacts with customers, partners, investors and the world at large.

“Ramesh has witnessed the trajectory of the company as a director on the board for the last eight years. We are thrilled to see him take up an executive role with Lycos. His acute business acumen and solid experience in finance will be a big plus to the company” said Suresh Reddy.

Ramesh brings more than 25 years of experience to the company, including an extensive background working with public companies, corporate finance, operations management, financial planning and analysis, mergers and acquisitions, and investor relation. He was the group CFO of Cambridge Energy Resources (CER) and was also the group CFO of Cambridge Technology Enterprise. Prior to joining CTE, he was with Virinchi where he played a key role as the head of the product development and chief functional architect.