Tata Consultancy Services (TCS) said Rajesh Gopinathan, managing director and CEO for the past six years, “has decided to step down from the company to pursue other interests.”
“The Board of Directors has considered and accepted his request. Mr. Gopinathan will remain with the company till September 15, 2023 to provide transition and support to his successor,” the company said in a statement.
The board Krithivasan as CEO-designate effective March 16. Mr. Krithivasan will undergo the transition along with Mr. Gopinathan and will be appointed as the Managing Director and CEO in the next financial year.
Mr. 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, he has been a part of the global technology sector for over 34 years.
During his long tenure at TCS, he has held various leadership roles in Distribution, Customer Relationship Management, Large Event Management and Sales.
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.
TCS and Tata Sons Chairman N Chandrasekaran said; “I have had the privilege of working with Rajesh for the last 25 years. Over the past six 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.”
Mr. Rajesh Gopinathan, MD & CEO, TCS said; “I have thoroughly enjoyed my exciting 22 years at TCS. The last six years of leading this prestigious 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 discussion with the Chairman and the Board, we decided that the end of this fiscal year is a good time for me to step aside and pursue those interests.
“Having worked with Kriti over the last 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 so that she can get all the help she needs.