Sunday, March 26, 2023

TCS: TCS CEO resigns 4 years before end of term – Usky News

Mumbai/Bengaluru: Bye Consultancy Services (TCS) MD and CEO said this on Thursday Rajesh Gopinathan has resigned – an abrupt departure that comes just a year into his second five-year stint at the helm of software services. Senior Executive K Krithivasan, who leads TCSThe largest business division of banking, financial services and insurance (BFSI) has been named CEO effective from Thursday. He will take over as MD & CEO on September 16, subject to shareholders’ approval.
Krithivasan (58), popularly known as ‘Kriti’, joined TCS in 1989 and has held various leadership roles in the IT giant. gopinathan (52), who was reappointed as CEO of TCS last year till February 20, 2027, will leave the software services arm of the Tata group to “pursue other interests”, the company said.

The leadership change comes as the $227 billion Indian IT industry is facing a challenging environment in some of its largest overseas markets, while also coming under scrutiny for its significant exposure to the US banking sector, which has been hit hard by the financial crisis. is in between.
Under the leadership of Gopinathan, who first took over the corner office on February 21, 2017, amid a board battle at TCS parent Tata Sons, the IT company’s shares have soared 156%, 73% on revenue. increased and profit increased by 65%. Gopinathan joined TCS in 2001 from Tata Industries, where he held various assignments with various Tata companies since April 1996.
Gopinathan is the first CEO of TCS to cut short his tenure and prepare for an early exit. The previous CEOs have retired from the IT company, except for N Chandrasekaran, who played a key role in Tata Sons.
A source close to Gopinathan said, “It (change) had been on his mind for some time. He wanted to revisit his life in his 50s. He felt that anytime was a good time for a change.” Or there would have been no worse timing. And so, they decided to move on.
Tata Sons Chairman Chandrasekaran said in an email to employees, “Rajesh has distinguished himself with exemplary performance and has laid a strong foundation for the next phase of TCS. I thank Rajesh for his contribution. Gopinathan TCS holds 2,760 shares of the company. As per the terms of his employment, he will have to give six months’ notice to the company. TCS, Gopinathan said, “will continue with the company till September 15 to provide transition and support to his successor”. .
ray wangThe CEO of Constellation Research said, “Rajesh has done a great job of navigating the pandemic. Krithivasan has had a lot of success with large deals as head of the BFSI unit. I think the board is looking for someone who He was the one who is abhyasi.


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