Rajesh Gopinathan, MD and CEO of IT main Tata Consultancy Companies (TCS), resigned on Thursday after serving 22 years with the corporate in numerous roles. TCS in a launch mentioned that Okay Krithivasan is being appointed as the brand new TCS CEO efficient immediately.
The corporate in an announcement mentioned, “After a stellar profession of over 22 years with TCS and a profitable stint as Managing Director and CEO over the past 6 years, Rajesh Gopinathan has determined to step down from the corporate to pursue his different pursuits.”
Gopinathan will proceed with the corporate until September 15, 2023 to supply transition and assist to his successor.
The Board has nominated Okay. Krithivasan because the CEO Designate with impact from March 16, 2023. Krithivasan will undergo a transition with Rajesh Gopinathan and will likely be appointed because the Managing Director and CEO within the subsequent monetary 12 months, TCS mentioned.
On the departure of Rajesh Gopinathan, TSC Chairman N. Chandrasekaran mentioned, “During the last 6 years, Rajesh has offered robust management because the MD and CEO and has laid the inspiration for the subsequent section of TCS’ development with important investments in cloud, agile and automation to assist shoppers speed up their transformation. I’m deeply appreciative of Rajesh’s huge contribution to TCS. I want him the perfect for the long run.”
Rajesh Gopinathan mentioned, “I’ve totally loved my thrilling 22-year tenure at TCS. It has been a pleasure working intently with Chandra, who has mentored me via this whole interval. The final six years of main this iconic group have been most enriching and fulfilling, including over $10Bn in incremental revenues and over $70Bn improve in market capitalization.”
Gopinathan was elevated to the function of CEO in February 2017 after serving because the Chief Monetary Officer since 2013. In 2022, he was re-appointed as MD and CEO for 5 extra years. Rajesh has performed a key function in making TCS the associate of alternative for Fortune 500 firms embarking on their development and transformation journeys. He has been instrumental in serving to TCS change into a $25.7 billion international firm on the finish of FY22 and the most important non-public sector employer with over 613,000 associates.
He was additionally inducted by the federal government into the Board of Commerce, a prime advisory physique on exterior commerce, and was awarded India’s Greatest CEO award by Enterprise In the present day in January 2021. In 2020 he was awarded IT, particular person of the 12 months, by Dataquest, Excellent Enterprise Chief of The 12 months award by CNBC TV18 IBLA, and Administration Man Achiever of the 12 months by Bombay Administration Affiliation in 2019.
Newly appointed CEO Designate Okay. Krithivasan is presently President and World Head of the Banking, Monetary Companies, and Insurance coverage (BFSI) Enterprise Group at Tata Consultancy Companies. Krithivasan has been a part of the worldwide expertise sector for over 34 years. Throughout his lengthy tenure at TCS, he has held varied management roles in supply, buyer relationship administration, giant program administration and gross sales.
Krithivasan can be a member of the Board of Administrators of TCS Iberoamerica, TCS Eire, and the supervisory board of TCS Expertise Options AG. He holds a Bachelor’s Diploma in Mechanical Engineering from the College of Madras and a Grasp’s Diploma in Industrial and Administration Engineering from IIT Kanpur.