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 synthetic intelligence and automation portfolio.
“Mohit will take over as MD and CEO when C P Gurnani retires on 19 December 2023. He will join Tech Mahindra well before that date to allow for sufficient transition time,” Tech Mahindra mentioned in a press release.
Separately, Infosys in a regulatory submitting mentioned that Joshi has resigned from the corporate. He might be on depart efficient from March 11, 2023 and his final date with the corporate could be June 9, 2023.
Joshi will exchange Gurnani who has been one of many longest serving chief government officers of the Indian IT sector.
Gurnani had joined Tech Mahindra in 2004 and later spearheaded the takeover of scam-ridden Satyam Computers 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 mentioned that Joshi’s appointment is the profitable end result of a rigorous choice course of throughout which the NRC evaluated a lot of inner and exterior candidates.
“Mohit’s experience with digital transformation, new technologies and large deals will complement Tech Mahindra’s strategies and continue to build on the strong growth momentum demonstrated by the company,” he mentioned.
At Infosys, Joshi was additionally answerable for the corporate’s inner CIO perform and the Infosys Knowledge Institute.
He has been a non-executive director at Aviva Plc since 2020 and is a member of its Risk & Governance and Nomination committees.
“Tech Mahindra’s growth journey has been remarkable. I am delighted to be joining the Tech Mahindra family and look forward to working closely with all the associates, partners, and customers to achieve new milestones, make a positive difference and rise together,” Joshi mentioned.
Prior 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 along with his household.
