India’s fourth largest software services company HCL Technologies on Thursday announced the appointment of Anant Gupta as its new CEO, replacing industry veteran Vineet Nayar.
Mr Gupta was earlier serving as the president and Chief Operating Officer.
Mr Nayar, meanwhile, will continue as the Vice Chairman and Joint Managing Director of the company till July 2013 and Vice Chairman thereafter.
“Vineet Nayar continues to mentor our leadership. He will be involved in key client relationships, a role he has been playing for the last six months,” Mr Gupta, who continues to hold the position of company president, told reporters in New Delhi.
Mr. Gupta has been with the company for 19 years and is credited with building its infrastructure vertical, which is now worth over USD 1 billion business.
The change marks the latest instance of senior level shuffle in the USD 100 billion Indian IT-BPO sector.
TCS, Infosys and Wipro had got new CEOs in the past three years. While N. Chandrasekaran took over as TCS Chief in October 2009, S D Shibulal took over the reins of Infosys in August 2011.
Similarly, T.K. Kurien assumed the role of Wipro’s IT business CEO in February 2011, taking over from joint CEOs Suresh Vaswani and Girish. S. Paranjape.