Andres Navarro, founder of Chilean IT integreator Sonda, will step down from his position as the company’s CEO after almost 50 years, leaving the chair to General Manager Jose Orlandini.
Four months ago, Navarro was fined US$269,000 by the Chilean stock exchange regulator on charges of insider trading.
“After 48 years in the company, since its founding in 1974, today I want to make way for new leaders who, I am sure, will continue to develop this company not only regionally, but also globally,” Navarro said earlier in April.
Orlandini has worked at Sonda for more than 37 years. He’s also the current Director of Chile’s Institute of Engineers.
Like his former boss, Orlandini has a degree in civil engineering, but working with Sonda for decades gave him extensive knowledge of information technology.
Sonda is expected to undergo a dramatic makeover under Orlandini’s leadership. In addition to expanding footprints across Latin America, Orlandini is also trying to sell data centers, saying they are not the company’s core service.
Sonda is among the largest IT services companies in Latin America, reporting US$1.3 billion in revenue for 2022. More than 13,000 professionals work at its delivery centers in Argentina, Brazil, Chile, Colombia, Costa Rica, Ecuador, Guatemala, Mexico, Panama, Peru and Uruguay.