Tech Mahindra hires New MD CEO from Infosys

Tech Mahindra has appointed Mohit Joshi as MD & CEO w.e.f., December 20, 2023.

  • Mohit is replacing the well respected veteran Mr CP Gurnani, who is retiring.
  • Mohit has a commendable career track –
    • He has been with Infosys for more the 22 yrs and is currently the President, based out of UK
    • He is the head of the Global Financial Services & Healthcare and the Software businesses, which include Finacle (the banking platform) and the AI/Automation portfolio. Mohit also led Sales Operations and Transformation for Infosys and executive responsibility for all large deals across the company.
    • He is also responsible for the Internal CIO function and the Infosys Knowledge Institute.

Overall it seems a good hire and an outsider will hopefully bring in a different experience and perspective. However, at the same time an external hire does also bring in risks related to cultural mismatch.

I would think that investors would neither immediately get excited nor disappointed with Mohit’s appointment. How he fits in and what he does would be instead closely followed.

Till then other business related and external factors would determine the stock price performance. Mohit’s appointment may however be considered by some as uncertain overhang on the stock.

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