HOME > BUSINESS > Struggling Hexaware changes CEO of six years

Struggling Hexaware changes CEO of six years

Hexaware Technologies, a provider of IT, BPO and Consulting services, has changed its CEO after failing repeatedly to meet shareholder expectations.

The company, which has seen poor performance over the last year despite an improving demand climate in the US, has replaced its CEO of six years, P R Chandrasekar with R Srikrishna, who was president of Infrastructure and Life Sciences Businesses at HCL Technologies.

logo_light_large_transparentbg

Srikrishna brings over 20 years of progressive experience in global information services and technology and holds an engineering degree from Indian Institute of Technology, Madras, and a Masters in Business Administration from Indian Institute of Management, Calcutta, according to Hexaware.

“After a thorough succession planning exercise and a comprehensive search process, the board is pleased to have found an exceptional individual in to assume leadership of this growing organization.” said Atul Nishar, Chairman, Hexaware Technologies Limited.

“Keech’s track record of identifying business opportunities ahead of competition, his ability to engage clients and build an organization capable of sustained growth, make him uniquely qualified to lead Hexaware.”

“Srikirshna is an accomplished leader and was instrumental in establishing the Infrastructure Services business and growing the Lifesciences & Healthcare businessfor HCL. He brings a great mix of leadership, inspiration, operational experience, technical breadth, and passion for customer service,” the company said.

“I am proud to become a Hexawarian, and humbled by the opportunity given to me by the employees and the board to lead this great organization.” he added.

“Hexaware has a great foundation of highly talented employees, deep customer relationships and differentiated solutions. We will build on this foundation to create a powerful organization for the future; a future where insights from data, consumerism, mobility, sensors, security and cloud take centre stage.” he said.

P R Chandrasekar (“Sekar”) who has served as Vice Chairman and CEO will retire from the CEO role effective today and continue as Vice Chairman.

Follow ULTRA.news
INFOSYS Board Backs Vishal Sikka, criticizes Murthy Infosys Ltd director board today came out strongly in support of ex-CEO Vishal Sikka and issued a strong rebuttal to a letter released by Infosys founder Narayana Murthy.Earlier in the day, Murthy was scathing in his review of the actions taken by the company and its board in...
WATCH LIVE: Vishal Sikka Press Conference on Resignation from Infosys Infosys co-chairman Ravi Venkatesan today assured investors and employees of Infosys that the changes brought about by Vishal Sikka will not be rolled back or lost with the exit of the CEO.Venkatesan was speaking at the press conference organized by the company to address wor...
FULL TEXT: Vishal Sikka’s resignation letter to Infosys board Vishal Sikka, the SAP-veteran who took over as the CEO of Infosys four years ago, has put in his papers after continuing differences of opinion with some of the key shareholders. He will, however, continue as the vice chairman of the company.He also wrote a long letter to the...
Former HUL Vice Chairman joins Infosys board Infosys said it appointed Unilever veteran D Sundaram as an independent director.He is currently the Vice Chairman and MD of TVS Capital Funds Ltd."He joined Unilever Group in 1975 and served in various leadership capacities in Unilever Group in a career spanning over 34 ...
SN Subrahmanyan takes over as Larsen & Toubro CEO Larsen & Toubro Deputy Managing Director and President S.N. Subrahmanyan has taken over as CEO and Managing Director with effect from today.SN SubrahmanyanHe has been on the company's board since 2011 and was named the new CEO in April this year.At the meeting on Apr...
Snapdeal appoints Jason Kothari as CEO of Freecharge, commits funds E-commerce firm Snapdeal said it has appointed former housing.com CEO Jason Kothari as the Chief Executive Officer of its wallet service FreeCharge at a time when competition in the mobile payments space is at an all-time high.Contrary to rumors of a cash crunch, Snapdeal sai...
Wipro’s TK Kurien steps down earlier than expected After TCS' Chandrasekaran, it is the turn of Wipro's former CEO and current executive vice chairman TK Kurien to retire. He was expected to step down in March.He will step down at the end of this month, a year after he was moved out of the CEO position.“TK and Abid ha...
N Ganapathy Subramaniam appointed new TCS COO COO N Ganapathy SubramanianTata Consultancy Services said it made two appointments in the wake of the departure of Chief Executive officer N Chandrasekaran: N. Ganapathy Subramaniam, elder brother of outgoing CEO Chandrasekaran, has been appointed as the chief operating offi...
Suneel M Advani to take over as Chairman of Blue Star Air conditioning giant Blue Star Ltd said its Vice Chairman Suneel M Advani will be elevated as the Chairman of the company from 1st December.The current Chairman Ashok M Advani who will turn 75 on November 17 will retire after 47 years of service and will be re-designated as...
Vinod Sawhny resigns as Reliance Communications CEO ahead of Aircel merger looms Reliance Communications said its CEO Vinod Sawhny resigned  with immediate effect for personal reasons."We wish to inform you that the Company has accepted request of Mr. Vinod Sawhny to step down as Chief Executive Officer of the Company with effect from September 30, 2016 t...
Jet Airways promotes Jayaraj Shanmugam as Chief Commercial Officer Jet Airways promoted Jayaraj Shanmugam as its Chief Commercial Officer.Since joining Jet Airways’ in mid-2015 and as Sr. Vice President of Products & Services, Shanmugam has been instrumental in sharpening the organization’s focus towards delivering superior guest engagem...
Anil Ambani’s son Jai Anmol to be appointed Executive Director of Reliance Capital Reliance Capital, the financial services arm of Reliance Anil ambani Group today appointed Jai Anmol Ambani, elder son of Anil Ambani to the companyś board and said he will be appointed as full time Executive Director at the companyś annual general meeting.Jai had first j...
Bank of Baroda appoints Ashok Kumar Garg as Executive Director Bank of Baroda appointed Ashok Kumar Garg as their new Executive Director on tuesday. He was General Manager at the bank.He has experience of 37 years in various banking fields in India as well as overseas, the company said.Garg is a Master of Commerce degree with additio...
Jet Airways CFO Agarwal to be acting CEO Jet Airways’ Chief Financial Officer, Amit Agarwal is taking on the responsibility as Acting Chief Executive Officer effective March 1, 2016, the company said.He will function as Acting Chief Executive Officer in addition to his responsibilities as CFO of the Company, til...
Infosys board member resigns for personal reasons Infosys said one of its board members has resigned for personal reasons.Carol M. Browner was an independent director of the company. She has served as director of the White House Office of Energy and Climate Change Policy in the Obama administration from 2009 to 2011.She...
OPPO hopes to sell 1.5 mln units in India, changes CEO OPPO, a China-based smartphone brand, has changed its India CEO, and said it has sold around 400,000 phones in India since its entry last year.It also said it is targeting to sell 1.5 million units in 2015.The company has been among the most aggressive in terms of expend...
Coca Cola appoints James Quincey as new COO The Coca-Cola Company today announced James Quincey as President and Chief Operating Officer (COO).Ahmet Bozer, Executive Vice President and President of Coca-Cola International is going to Retire after Distinguished 25-Year Career.As President and COO, Quincey will have...
Housing.com gets a new Chief Business Officer Housing.com, which recently fired its founder and CEO Rahul Yadav, said it had appointed Jason Kothari as its Chief Business Officer and member of the Operating Committee to drive its overall strategy and growth in India.Jason, together with iCEO & COO Rishabh Gupta, wil...
Catholic Syrian bank gets a new MD The Catholic Syrian Bank Limited, a private bank based in Kerala readying for its IPO, has appointed Anand Krishnamurthy as the Managing Director and Chief Executive Officer. Krishnamurthy holds a bachelor’s degree in technology (mechanical engineering) from the Indian Inst...
Airtel taps entrepreneur Manish Khera to head Airtel Money Telecom provider Bharti Airtel said that Manish Khera, Co-founder & MD of YTS Solutions will be appointed as CEO of Airtel M Commerce Services Limited (AMSL), which offers Airtel’s flagship semi-closed wallet under the brand name ‘Airtel Money’.YTS Solutions provides solu...
Flipkart hires Google veteran to head product development at Myntra Myntra, part of Flipkart, appointed Ambarish Kenghe as Senior Vice President and Head of Product.Ambarish will start working at Myntra’s Bengaluru headquarters by the end of this month and will report to CEO, Mukesh Bansal to scale up Myntra’s product road map.His task at...
PepsiCo veteran replaces Manoj Kohli as MD, Bharti Enterprises Manoj KohliBharti Enterprises -- parent of Bharti Airtel, appointed PespsiCo veteran Rahul Bhatnagar as Managing Director & Chief Financial Officer, and said Manoj Kohli will step down.Bhatnagar will report to Sunil Bharti Mittal, Chairman, Bharti Enterprises.Rah...
Nilesh Shivji Vikamsey appointed part-time Federal Bank Chairman Nilesh Shivji Vikamsey has been appointed as Part-Time Chairman of Federal Bank and the appointment has been approved by the Reserve Bank of India, the bank said.CA. Vikamsey, who will assume office on 20th June 2015, succeeds Prof. Abraham Koshy, who retired from the Bo...
MTNL CMD PK Purwar resigns MTNL's chairman and managing director PK Purwar has resigned, the company said.MTNL gave no reason for the development, but only said that Purwar had "relinquished the charge of CMD."NK Yadav has been appointed in his stead as the new MTNL head, it said.Purwar, a ...
Tata Motors changes passenger vehicle unit head Tata Motors said it had appointed Mayank Pareek as President, Passenger Vehicle Business Unit (PVBU). He will join the company on 1st October, 2014 and will take over from Mr. Ranjit Yadav, who will now head the International Business for Passenger & Commercial vehicles.T...