Tata 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 officer, and former chief financial officer Rajesh Gopinathan has been elevated to the position of CEO.
Former CEO Chandrasekaran has been appointed as the Chairman of Tata Sons Ltd, effective February 21, 2017.
Chandrasekaran functioned without the support of COO. However, given that Rajesh Gopinathan has a background in finance, the company is likely to have seen the need for a strong operations head in the form of a COO.
N Ganapathy Subramaniam, NGS to colleagues, was serving as the President of TCS Financial Solutions, a strategic business unit of TCS.
Finance and Banking is arguably the most important vertical for the outsourcing provider.
NGS has been part of TCS and the Indian IT Industry for the past 34 years and has had opportunities to perform a variety of roles in delivering solutions to customers globally, especially in the Banking and Financial Services sector.
He has also been appointed to board of the company.
“I sincerely thank the TCS Board for this honor. Chandra has provided a great platform through his visionary leadership. I look forward to working with Rajesh and the rest of my colleagues and contribute to TCS’ future growth,” he said in a canned statement released by the company.
Rajesh Gopinathan started his professional career with Tata Consultancy Services in 2001. He was appointed as Chief Financial Officer of the Company in February 2013. He has played a key role in helping TCS become a $ 16.5 billion global company with over 371,000 employees.
Prior to becoming the CFO Rajesh was the Vice President – Business Finance. In this role he was responsible for the financial management of the company’s individual operating units. His responsibilities include financial planning and control as well as revenue assurance and margin management.
Chandrasekaran will continue to remain in contact with the TCS management under his new role as the chairman of Tata Sons, the biggest shareholder of the company and the flagship of the Tata Group.
“I have been privileged to lead this company of great professionals over the last 7 years,” he said. “I am absolutely delighted that the board has chosen both Rajesh and NGS to lead this company into the future. I am proud of the capability they have to take TCS to greater heights. I look forward to a continued relationship with TCS and the management team.”