• (933) Views
  • Bookmark and Share

Parekh or Kumar May Be Next iGATE CEO

Several Indians are said to be in the weighing up for the CEO position at California-based iGate, which knock down empty after the company fired Phaneesh Murthy from that position last month. One of the favorites is Salil Parekh, CEO of the application services strategic business (SBU) unit of French IT services company Capgemini, said sources familiar with the growth. Parekh's responsibilities span around the 12 nations, including North America, UK, India and Australia, and the financial services business unit worldwide. The SBU has over 27,000 employees. Jeya Kumar, ex-CEO of Patni, the company that iGate under Phaneesh Murthy had obtained two and a half years ago, is also a prospective candidate. From Patni, Kumar had shifted to IPsoft as its CEO for Asia Pacific based in Singapore. Kumar formerly had 15 years of experience at Sun Microsystems, including as member of its executive management group. Others being measured are Ashok Vemuri, chief of Americas and global head of manufacturing in Infosys, Sudip Nandy, who is Aricent Group's chairman of India, Cognizant's Debashis Chatterjee, who come back to the company as senior VP leading big transformational deals, Harsh Chitale, CEO of HCL Infosystems, Ravi Viswanathan, president-growth markets & head-Chennai operations in Tata Consultancy Services (TCS), and Ritesh Idnani, ex-COO of Infosys BPO and now CEO of US-based tech firm ISGN. Global executive search firm Russell Reynolds has the authorization to look for a CEO for iGate. An email query on picked out candidates sent to James Hickman, managing director to blame for India operations at Russell Reynolds Associates, was unrequited at the time of going to print. Rajiv Burman, managing partner in managerial search firm Lighthouse Partners, said the company wouldn't find it tricky to slice debt if it had sound cash flows to service the attention, if not the capital. iGate's stock has been under stress as long term value investors have kept away from stocks with huge debt overhang. The stock also fell following Murthy's exit over his relationship with a subsidiary, which led to his employment termination.

Post Your Comments
Recent News
Padmavti Movie Not Release in Rajasthan, MP and Punjab.
Prime Minister Narendra Modi Nepal Visit
Subsidized LPG Increase to 12 Cylinders
Nadella Apt to be Next Microsoft CEO
Super30 Founder Got Ramanujan Math Award
Pinterest Starts ‚ÄúExplore Interests‚ÄĚ Section
CBSE Board Exam Admit Cards Go Online
RBI to Extract Pre-2005 Currency Notes
Kawasaki Z800 Launched at Rs 8.05 Lakh
Google Eating Site’s Pageviews, Wiki Too