IT firm Tech Mahindra on Saturday introduced the appointment of former Infosys president Mohit Joshi as MD and CEO designate, who will take over the cost from C P Gurnani after his retirement on December 19 this yr.
The announcement follows the resignation of Joshi from Infosys the place he was head of the worldwide monetary companies and healthcare and the software program companies, which included Finacle (Infosys’ banking platform) and the artificial intelligence and automation portfolio.
“Mohit will take over as MD and CEO when C P Gurnani retires on 19 December 2023. He’ll be part of Tech Mahindra nicely earlier than that date to permit for adequate transition time,” Tech Mahindra stated in an announcement.
Individually, Infosys in a regulatory submitting stated that Joshi has resigned from the corporate. He shall be on depart efficient from March 11, 2023 and his final date with the corporate could be June 9, 2023.
Joshi will substitute Gurnani who has been one of many longest serving chief govt officers of the Indian IT sector.
Gurnani had joined Tech Mahindra in 2004 and later spearheaded the takeover of scam-ridden Satyam Computer systems and its merger with Tech Mahindra.
He has been MD and CEO of Tech Mahindra since June 2009.
Tech Mahindra Nomination and Remuneration Committee (NRC) chairperson T N Manoharan stated that Joshi’s appointment is the profitable fruits of a rigorous choice course of throughout which the NRC evaluated quite a few inner and exterior candidates.
“Mohit’s expertise with digital transformation, new applied sciences and enormous offers will complement Tech Mahindra’s methods and proceed to construct on the sturdy progress momentum demonstrated by the corporate,” he stated.
At Infosys, Joshi was additionally chargeable for the corporate’s inner CIO operate and the Infosys Information Institute.
He has been a non-executive director at Aviva Plc since 2020 and is a member of its Threat & Governance and Nomination committees.
“Tech Mahindra’s progress journey has been exceptional. I’m delighted to be becoming a member of the Tech Mahindra household and stay up for working intently with all of the associates, companions, and prospects to realize new milestones, make a constructive distinction and rise collectively,” Joshi stated.
Previous to becoming a member of Infosys in 2000, Joshi labored with ABN AMRO and ANZ Grindlays of their company and funding financial institution. Mohit has lived and labored in Asia, America and Europe and presently lives in London together with his household.
