IT company Tech Mahindra on Saturday announced the name of former Infosys chairman Mohit Joshi as MD and CEO, who will take over from CP Gurnani after his retirement on December 19 this year.
This announcement has been made after Joshi’s resignation Infosys where he was head of the global financial services and healthcare and software businesses, including Finacle (Infosys’ banking platform) and artificial intelligence and automation portfolio.
Mohit will take over as MD & CEO on the retirement of CP Gurnani on 19th December 2023. He will join Tech Mahindra well before that date to allow sufficient transition time, Tech Mahindra said in a statement.
Separately, Infosys said in a regulatory filing that Joshi has resigned from the company. He will be on leave with effect from March 11, 2023 and his last date with the company will be June 9, 2023.
Joshi will replace Gurnani who has been one of the longest serving CEOs of the Indian IT sector.
Gurnani had joined Tech Mahindra in 2004 and later led the acquisition of scandal-hit Satyam Computers and its merger with Tech Mahindra.
He is the MD & CEO of Tech Mahindra since June 2009.
Tech Mahindra Nominations and Remuneration Committee (NRC) chairman TN Manoharan said Joshi’s appointment is a successful culmination of a rigorous selection process, during which the NRC evaluated a number of internal and external candidates.
“Mohit’s experience with digital transformation, new technologies and large deals will complement Tech Mahindra’s strategies and continue the strong growth momentum demonstrated by the company,” he added.
At Infosys, Joshi was also responsible for the company’s internal CIO functions and the Infosys Knowledge Institute.
He has been a non-executive director at Aviva plc since 2020 and is a member of its Risk and Governance and Nomination Committees.
Joshi said, “The growth journey of Tech Mahindra has been remarkable. I am delighted to join the Tech Mahindra family and join hands with all associates, partners and customers to achieve new milestones, drive positive change and grow together Looking forward to working together.” ,
Prior to joining Infosys in 2000, Joshi worked with ABN AMRO and ANZ Grindlays in their corporate and investment bank. Mohit has lived and worked in Asia, America and Europe and currently resides in London with his family.