Mphasis appoints Nitin Rakesh as Chief Executive Officer

NEW DELHI: Mphasis Limited said that it has appointed Nitin Rakesh as its Chief Executive Officer and Additional Director on the Board with effect from 29 January 2017.

Rakesh takes over the role from Ganesh Ayyar, whose tenure expires on 28 January 2017.

Rakesh, until recently was the Chief Executive Officer and President of Syntel.

He has a proven track record of delivering profitable growth at industry leading operating margins.

Prior to being the CEO,Rakesh held multiple roles at Syntel such as President, Americas, where he headed Business Development and North American operations.

"He has held key leadership roles, scripting numerous success stories and we hope that under his leadership, Mphasis will reach newer heights. The entire Mphasis family thanks Ganesh Ayyar for his exemplary stewardship and his valuable contribution over the last eight years," said Davinder Singh Brar, Chairman of the Board of Mphasis.

On his appointment, Rakesh said: The company has one of the most promising teams, and I am looking forward to working with them to create value for our customers, employees and shareholders,"