After spending 22 years with TCS, its CEO & MD, Rajesh Gopinathan, has resigned. TCS said he has quit to 'pursue his other interests'. He was appointed as TCS CEO in February 2017.
TCS said Gopinathan will continue with the company till September 15 to provide transition and support to his successor, K Krithivasan - who has been appointed as the CEO-designate with effect from March 16.
Tata Sons boss Chandrasekaran hailed Gopinathan's 'enormous contribution' and said he has provided strong leadership as the MD & CEO and has laid the foundation for the next phase of TCS' growth.
Speaking on his departure, Gopinathan said thoroughly enjoyed his 22-year tenure at TCS. 'It has been a pleasure working closely with (Tata Sons boss) Chandra, who has mentored me through this entire period.'
Gopinathan took over as TCS CEO in 2017. He said the last six years were most enriching and fulfilling as TCS added over $10 billion in incremental revenues and over $70 billion increase in market capitalisation.
TCS has nominated K Krithivasan as the CEO designate with effect from March 16. He will go through a transition with Gopinathan and will be appointed as the MD & CEO in the next financial year.
Krithivasan is currently the President and Global Head of the Banking, Financial Services, and Insurance Business Group at TCS. He has been part of the tech firm for over 34 years, having joined TCS in 1989.
During his decades-long tenure at TCS, he has held various leadership roles in delivery, customer relationship management, large program management, and sales.
Krithivasan holds a bachelor's degree in Mechanical Engineering from the University of Madras and a master's degree in Industrial and Management Engineering from IIT Kanpur.
Under Gopinathan, TCS shares nearly tripled, revenue almost doubled and profit rose about 60 per cent, as of last quarter. During his six-year tenure as TCS CEO, the IT major's share price rose 185 per cent as of March 16.