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DAVOS, January 19 (PTI) Tech Mahindra CEO CP Gurnani is looking to transition from a long-serving captain in the IT industry to a “coach” upon his retirement from the company this December.
The nomination and remuneration committee has extended Gurnani’s term until December 19, 2023, as it looks to develop a succession plan for Gurnani.
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While he did not reveal any further details about his succession plans, sources said internal candidates Jagdish Mitra, Manish Vyas and Lakshmanan Chidambaram were the leading contenders for the post.
Jagdish Mitra, who is currently Chief Strategy Officer and Head of Growth, has been with the group for 30 years; Vyas, who is President of Communications, Media and Entertainment and CEO of Network Services, has been with the company for the past 23 years, while Chidambaram currently serves as President of Tech Mahindra Americas, has been with the company since December 2012.
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Gurnani said the succession plan will be finalized by the committee based on the company’s corporate governance norms.
“I’ve been in the same business for a long time. I became CXO at 38 and I’m stepping down at 65. I’d say I’ve been a playing captain for a long time. I’m going to be A coach. I will no longer be a captain playing,” Gurnani said.
Gurnani, one of the longest-serving CEOs in the tech industry, told PTI that he wants to see the other side of the world and pursue what is deep within him.
“I’ve been one of the longest-serving CEOs in the tech industry. I think it’s only fair that I get the chance to see what the other side of the world looks like, and I’m not talking about travel. I’m talking about something that I’ve always wanted to do all my life. things. It’s also good for the company that we get a new leader because a little rotation is like putting more oxygen into the system,” Gurnani said.
Talking about business, Gurnani said Tech Mahindra will continue to deepen its presence in Japan and Europe, and is considering opening delivery centers closer to employees’ residences.
“I have always admired Japan very much, and I will continue to create a deeper business interest in Japan. Frankly, I think Europe is a big opportunity now. Because the impact of the war is felt all over Europe.
“The war is closest to them. Everyone in Europe is paying the price with inflation and higher energy bills. I believe some of our cost transformation initiatives will be very helpful to European customers. So my focus will be on Japan and Europe,” he said.
Gurnani said the technology space has matured and they continue to serve consumers, businesses, corporations and corporations around the world by not taking a stand.
“The only area where there is some dialogue is with groups using cyberattacks as weapons,” Gurnani said, declining to give further details.
Asked about the broad strategic initiatives the company plans to implement this year, Gurani said Tech Mahindra will consider setting up distribution centers across the country and near employees’ residences.
“We continue to make technology investments in the future of technology. Now AI, cloud, metaverse, we’ve started investing in quantum computing. We want to be at the forefront. I think some of our products will be able to commercialize them better, said Gurnani.
(This is an unedited and auto-generated story from a Syndicated News feed, the content body may not have been modified or edited by LatestLY staff)
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