Tech Mahindra, the company that took over troubled IT outsourcing company Satyam, has appointed new executives to its board. S. Durgashankar has been appointed chief financial officer to Satyam, now known as Mahindra Satyam since its takeover by the telecoms company in April. Satyam was dubbed 'India's Enron' following the accounting scandal that unfolded earlier this year, when its chairman at the time, Ramalinga Raju, admitted falsifying accounts and sent the company's share price plummeting. Since then, the web of those involved in the fraud has begun to untangle, with audit partners at Price Waterhouse in India arrested as part of the investigation. The former chief financial officer of Satyam, Ram Mynampati, handed in his resignation following the revelations. Durgashankar is currently the senior vice-president of mergers and acquisitions at M&M Ltd and has a long career in the finance sector. Sanjay Kalra, CEO of Mahindra Satyam, said: 'We are excited about Mahindra Satyam's capabilities and will synergise them with Tech Mahindra's proven governance practices, financial rigour and business discipline.'