In a surprise move, Rajesh Gopinathan announced his resignation from TCS after a 22 year career; last 6 years as CEO.
Rajesh needs no introduction. He is widely known and well respected.
The announcement came as a surprise to many as Rajesh was reappointed last year only and had another 4 years of tenure left.
No one knows what led to the resignation. Guess we will have to wait to know the exact reason (if at all we will ever get to know).
Board has nominated K Krithivasan as CEO-designate with effect from March 16, 2023, who is another old hand at TCS having been with the Company for 33+ years.
Krithivasan is currently the Global Head of the Banking, Financial Services, and Insurance (BFSI) Business Group at the Company. BFSI is the largest segment within TCS. He handles one of the largest portfolios of $11 billion, which has grown consistently.
Gopinathan will continue with the company till September 15, 2023, to provide transition and support to Krithi.
Unlike competition, TCS has always taken pride in the stability of it’s leadership. In its 55 yrs of history it only had 4 CEOs. Checkout the attached image.
What is interesting is the tenure of successive CEOs at TCS has been declining. Hope it reverses with Krithi !
Now coming back to why Rajesh resigned. Market speculations are –
In restructuring, the Company divided clients into four distinctive business groups depending on a client’s journey with it instead of verticals and geographies.