TCS - Unexpected CEO Exit Not Likely To Hurt Business Delivery: Motilal Oswal

BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy. .Motilal Oswal Report.Tata Consultancy Services Ltd. on March 16, 2023 announced the resignation of its Managing Director and Chief Executive Officer, Mr Rajesh Gopinathan, effective September 15, 2023. The board has nominated its President and banking, financial services and insurance business group head, Mr. K. Krithivasan, as the CEO Designate from March 16, 2023, and he will take over as MD and CEO in FY24 after shareholder approval. As per the company, Mr. Gopinathan is stepping down after 10 years as CXO (CFO followed by CEO) to pursue new interests. Mr. Gopinathan’s departure from TCS is surprising, as he has led the company for only six years and was expected to continue for the long term given his age (52 years). Moreover, while the company’s growth has trailed peers like Infosys Ltd. recently, it has handled external pressures, including a transition to digital delivery and the Covid impact relatively well despite its size..Click on the attachment to read the full report:.Rajesh Gopinathan Quits As TCS CEO, K Krithivasan Named Successor.DISCLAIMERThis report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

TCS - Unexpected CEO Exit Not Likely To Hurt Business Delivery: Motilal Oswal

The board has nominated its President and BFSI business group head, Mr. K. Krithivasan, as the CEO Designate from March 16, 2023.

Choose a plan