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.
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.