TCS Chief Executive Officer Rajesh Gopinathan. (Photo: Reuters)
TCS appoints K Krithivasan as the new CEO-designate effective Thursday, March 16
India’s largest IT services company Tata Consultancy Services (TCS) on Thursday said its CEO Rajesh Gopinathan has resigned “to pursue other interests”.
TCS said in a regulatory filing, ‘ We wish to inform you that Rajesh Gopinathan, Chief Executive Officer and Managing Director of Tata Consultancy Services Limited, has tendered his resignation, which will be effective from the close of business hours on September 15, 2023. ‘ ,
It also said that based on the recommendation of the Nomination and Remuneration Committee, the Board of Directors in its meeting held on March 16, 2023, has appointed K Krithivasan as Chief Executive Officer-Designate with effect from March 16, 2023.
He will take over as the Chief Executive Officer and Managing Director of the Company in the next financial year, subject to shareholder approval, the effective date of which will be informed in due course.
Rajesh Gopinathan holds a degree in Electrical and Electronics Engineering from NIT, Trichy and a Post Graduate Diploma in Management from IIM-Ahmedabad. He was reinstated by TCS as managing partner and top executive officer for another five years in March 2022, from February 21, 2022, to February 20, 2027.
about Kritivasan
K Krithivasan is currently the President and Global Head of the Banking, Financial Services and Insurance (BFSI) business group at Tata Consultancy Services. Having joined Tata Consultancy Services in 1989, Krithivasan has been a part of the global technology sector for over 34 years.
He holds a bachelor’s degree in Mechanical Engineering from the University of Madras and a master’s degree in Industrial and Management Engineering from IIT Kanpur.
During his long tenure at TCS, he has held various leadership roles in Distribution, Customer Relationship Management, Large Event 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 Solution AG.
On Rajesh Gopinathan’s resignation, TCS Chairman N Chandrasekaran said, ‘I have had the privilege of working with Rajesh for the last 25 years. During this period, Rajesh has always distinguished himself with exemplary performance in various roles including his earlier role as Chief Financial Officer. Over the past 6 years, Rajesh has provided strong leadership as MD & CEO and laid the foundation for the next phase of TCS’ growth with significant investments in cloud, agile and automation to help clients accelerate their transformation Is. I deeply appreciate Rajesh’s immense contribution to TCS. I wish him all the best for the future.”
Rajesh Gopinathan said, “I have thoroughly enjoyed my 22 exciting years at TCS. It has been a pleasure working closely with Chandra, who has guided me throughout this period. The last six years of leading this iconic organization have been the most enriching and fulfilling, with over $10 billion in incremental revenue and over $70 billion in market capitalization.”
He said, “I am giving some thought to what I want to do in the next phase of my life. After careful consideration and consultation with the Chairman and the Board, we decided that the end of this fiscal year is a good time for me to step aside to pursue those interests. Having worked with Kriti over 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 get her all the help she needs.”
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