Indian IT services provider Tata Consultancy Services announced Thursday that Rajesh Gopinathan will step down as chief executive officer, effective September 15.
Gopinathan, who completed six years as CEO of the Indian IT giant in January, was reappointed last year as CEO until 2027.
The move comes as the Indian IT industry faces a challenging macroeconomic environment in its key markets – the United States and Europe.
The company on Thursday named K Krithivasan as CEO-designate, effective March 16, and said he will assume the position of CEO and managing director in the next fiscal year, subject to shareholder approval.
Krithivasan joined the company in 1989, TCS said, adding that he has held various managerial positions over his long career.
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