Tata Group: Big news from TCS after the market closed, CEO resigns from the company.
New Delhi: A shocking development has come to light after the market closed in the country’s largest IT company TCS. The company’s CEO and MD Rajesh Gopinathan has resigned. He was associated with TCS for 22 years. The board of TCS has accepted his resignation. The board has designated Krithivasan as CEO in his place. Gopinathan will continue in his post till 15 September. TCS is the IT company of Tata Group and is the second most valuable company in the country after Mukesh Ambani’s Reliance Industries. Krithivasan is currently the President and Global Head of the Banking, Financial Services and Insurance (BFSI) business group at TCS.
TCS Chairman N Chandrasekaran said in a statement that he has been associated with Rajesh for the last 25 years. During this, Rajesh always did a great job in every role. He also played the role of Chief Financial Officer in TCS very well. Over the last six years, he has provided strong leadership to the MD & CEO and laid a strong foundation for the company’s next phase of growth. I wish him all the best for the future. Rajesh Gopinathan said, “I have thoroughly enjoyed my work at TCS during my 22-year stint. It was a pleasure working with Chandra. During this he guided me. Leading this important company for six years has been a great experience. Gopinathan, 52, was appointed CEO of TCS in February 2017. Prior to that, Chandrasekaran was on this post. He was made the chairman of Tata Sons, the holding company of the Tata Group.
second event in a week
This is the second major development in the country’s IT sector in less than a week. Earlier on last Saturday, Infosys President Mohit Joshi had resigned. He has been made MD & CEO of Tech Mahindra. Joshi was the head of Global Financial Services & Healthcare and Software Business at Infosys. Mohit will replace CP Gurnani, who retires on December 19. Gurnani joined Tech Mahindra in 2004. He was made the MD & CEO in June 2009.
