TCS Managing Director Rajesh Gopinathan. (Photo: Reuters)
TCS has appointed K Krithivasan as its new CEO-elect effective Thursday 16th March
Tata Consultancy Services (TCS), India’s largest IT services company, announced on Thursday that its CEO Rajesh Gopinathan has resigned “to pursue other interests”. The company has named K Krithivasan as its new CEO-elect, effective Thursday, March 16.
“We would like to inform you that Rajesh Gopinathan, Chief Executive Officer and Managing Director of Tata Consultancy Services Ltd, has submitted his resignation effective September 15, 2023, close of business,” TCS said in a regulatory filing.
It also said that based on the recommendation of the Nominating and Compensation Committee at its March 16, 2023 meeting, the Board of Directors has appointed K Krithivasan as chief executive officer-designate effective March 16, 2023.
He will assume the role of Chief Executive Officer and Managing Director of the Company for the next fiscal year, subject to shareholder approval, the effective date of which will be announced in due course.
Rajesh Gopinathan holds a degree in Electrical and Electronic 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 a further five years, from February 21, 2022 to February 20, 2027 in March 2022.
About K. Krithivasan
K Krithivasan is currently President and Global Head of Business Group Banking, Financial Services, and Insurance (BFSI) at Tata Consultancy Services. Krithivasan has been part of the global technology sector for over 34 years, having joined Tata Consultancy Services in 1989.
He holds a bachelor’s degree in Mechanical Engineering from University of Madras and a master’s degree in Industrial and Management Engineering from IIT Kanpur.
During his many years at TCS, he has held various management positions in the areas of delivery, customer relationship management, large program management and sales. Krithivasan is also a member of the Board of Directors of TCS Iberoamerica, TCS Ireland and the Board of Directors of TCS Technology Solutions AG.
Commenting on Rajesh Gopinathan’s resignation, TCS Chairman N Chandrasekaran said: “I have had the pleasure of working with Rajesh for the past 25 years. Throughout this time, Rajesh has consistently distinguished himself through exemplary performance in various roles including his previous role as Chief Financial Officer. Over the past 6 years, Rajesh has provided strong leadership as MD & CEO laying the foundation for TCS’ next phase of growth with significant investments in cloud, agility and automation to help clients accelerate their transformation. I really appreciate Rajesh’s tremendous contribution to TCS. I wish him all the best for the future.”
Rajesh Gopinathan said: “I have thoroughly enjoyed my exciting 22 years at TCS. It has been a pleasure to work closely with Chandra who has mentored me throughout this time. The past six years of leading this iconic organization have been extremely rewarding and fulfilling, with over $10 billion in incremental revenue and a market capitalization increase of over $70 billion.”
He added: “I have some ideas of what I want to do in the next phase of my life. After much consideration and discussion with the Chairman and the Board, we have decided that the end of this fiscal year is a good time for me to step down and pursue these interests. Having worked with Krithi for the past two decades, I am confident that he is best positioned to lead TCS to greater heights alongside the leadership team. I will work closely with Krithi to give him all the support he needs.”
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