IT main TCS CEO Rajesh Gopinathan has reigned, and the corporate nominated its international head of the BFSI division Ok Krithivasan because the CEO Designate with fast impact, the agency stated on Thursday.
Gopinathan will proceed with the corporate until September 15, 2023, to offer transition and assist to his successor.
“After a stellar profession of over 22 years with Tata Consultancy Providers (TCS) and a profitable stint as Managing Director and CEO over the last 6 years, Rajesh Gopinathan has determined to step down from the corporate to pursue his different pursuits,” the corporate stated in an announcement.
TCS has nominated its present President and World Head of the Banking, Monetary Providers, and Insurance coverage (BFSI) Enterprise Group Ok Krithivasan as CEO Designate with fast impact.
“The Board has nominated Ok Krithivasan because the CEO Designate, with impact from March 16, 2023. Krithivasan will undergo a transition with Rajesh Gopinathan and might be appointed because the Managing Director & CEO within the subsequent monetary yr,” the assertion stated.
The transfer comes because the Indian IT trade faces a difficult macro-economic setting in its key markets — the US and Europe.
The corporate on Thursday stated Krithivasan will take over as CEO and managing director within the subsequent monetary yr, topic to shareholders’ approval.
Krithivasan had joined the corporate in 1989, TCS stated, including that he had held numerous management roles in his lengthy profession.
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