TCS CEO Rajesh Gopinathan resigns; K Krithivasan has been appointed as the new CEO

TCS CEO Rajesh Gopinathan. (Photo: Reuters)

TCS has appointed K Krithivasan as its new CEO, effective Thursday, March 16.

Tata Consultancy Services (TCS), India’s largest IT services company, announced on Thursday that its CEO Rajesh Gopinathan has resigned “to pursue other interests”. The company has appointed K Krithivasan as its new CEO, effective Thursday, March 16.

“We are pleased to announce that Rajesh Gopinathan, Chief Executive Officer and Managing Director of Tata Consultancy Services Ltd has tendered his resignation with effect from the close of business on September 15, 2023,” TCS said in a regulatory filing. .

Also, based on the recommendation of the Nomination and Remuneration Committee, the Board of Directors at its meeting held on March 16, 2023 appointed K Krithivasan as Chief Executive Officer with effect from March 16, 2023.

With the approval of the shareholder, he will start the position of the Chief Executive Officer and Managing Director of the Company in the next financial year, the effective date of which will be announced at the appointed time.

Rajesh Gopinathan holds a degree in Electrical and Electronics Engineering from NIT, Trichy University and a Post Graduate Diploma in Management from IIM-Ahmedabad. He was reinstated by TCS as managing partner and senior officer in March 2022 for another five years from February 21, 2022 to February 20, 2027.

About K Krithivasan

K Krithivasan is currently president and global head of the banking, financial services and insurance (BFSI) business group at Tata Consultancy Services. Krithivasan joined Tata Consultancy Services in 1989 and has been part of the global technology sector for over 34 years.

He holds a BS in Mechanical Engineering from the University of Madras and a MSc in Industrial and Management Engineering from IIT Kanpur.

During his long tenure at TCS, he held various leadership roles in delivery, customer relationship management, major program management and sales. Krithivasan is also a member of the Board of Directors of TCS Iberoamerica, TCS Ireland and the Supervisory Board of TCS Technology Solutions AG.

Commenting on Rajesh Gopinathan’s resignation, TCS Chairman N Chandrasekaran said, “I have enjoyed working with Rajesh for the last 25 years. During this period, Rajesh excelled in various roles, including his previous role as CFO. Over the past 6 years, Rajesh has provided strong leadership as MD & CEO and laid the foundation for the next phase of TCS growth, investing heavily in cloud, agility and automation to help clients accelerate their transformation. I deeply appreciate Rajesh’s immense contribution to TCS. I wish him all the best for the future.”

Rajesh Gopinathan said, “I have enjoyed my 22 years at TCS. It has been a pleasure working closely with Chandra, who has mentored me throughout. The past six years at the helm of this amazing organization have been extremely enriching and fulfilling, with over $10 billion in incremental revenues and over $70 billion in market capitalization.

He added: “I’ve been brainstorming a few ideas about what I want to do for the next phase of my life. After much thought and discussion with the Chairman and the Board, we have decided that the end of this financial year is an appropriate time for me to pursue these interests. Having worked with Kriti for the past two decades, I am confident that she, along with the leadership team, is best positioned to take TCS to greater heights. I will work closely with Kriti to provide her with all the support she needs.”

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