Last Updated: March 11, 2023, 14:46 IST
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 unreal intelligence and automation portfolio.
“Mohit will take over as MD and CEO when C P Gurnani retires on nineteenth December 2023. He will be part of Tech Mahindra effectively earlier than that date to enable for adequate transition time,” Tech Mahindra said in a statement.
Separately, Infosys in a regulatory filing said that Joshi has resigned from the company. He will be on leave effective from March 11, 2023 and his last date with the company would be June 9, 2023.
Joshi will replace Gurnani who has been one of the longest serving chief executive 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 said that Joshi’s appointment is the successful culmination of a rigorous selection process during which the NRC evaluated a number of internal and external 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 stated.
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 development journey has been exceptional. I’m delighted to be becoming a member of the Tech Mahindra household and look ahead to working intently with all of the associates, companions, and prospects to obtain new milestones, make a optimistic distinction and rise collectively,” Joshi said.
Prior to joining Infosys in 2000, Joshi worked with ABN AMRO and ANZ Grindlays in their corporate and investment bank. Mohit has lived and worked in Asia, America and Europe and currently lives in London with his family.
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