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Satyam Computer Services Ltd [Get Quote] has appointed Ram Mynampati as the interim CEO after B Ramalinga Raju resigned as its chairman, admitting to major financial wrong-doings.

"We are obviously shocked by the contents of the letter," Ram Mynampati said in a statement.

"The senior leaders of Satyam stand united in their commitment to customers, associates, suppliers and all shareholders," Mynampati said.

Ram Mynampati joined Satyam as executive vice president in 1999 and became executive vice president and chief operating officer in November 2000.

He has been president, Satyam's commercial and healthcare businesses since October 2002.

Ram has executive responsibility for Satyam's operations across the verticals of financial services, healthcare, retail and transportation and government. In addition, he oversees Satyam's long standing strategic relationships with GE, its largest client and Microsoft.