Hexaware CEO Srikrishna quits, EXL veteran named successor

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SynopsisIn his resignation letter, Ramakarthikeyan said he was leaving the position to pursue his personal interests. He will become a senior adviser to Hexaware from October 28 to support the leadership transition. Jetley will assume the role of the CEO on the same day, for a four-year term.

ANIHexaware Becomes Official Partner of Dublin Guardians Playing in the Inaugural European T20 Premier League SeasonCarlyle-backed Hexaware Technologies has appointed senior EXL executive Vivek Jetley as its CEO designate, after current chief executive Srikrishna Ramakarthikeyan announced his resignation.

Ramakarthikeyan, who has led Hexaware for 12 years, will also step down as whole-time director of the company and director of its subsidiaries, Hexaware said in a stock exchange filing on Wednesday.

In his resignation letter, Ramakarthikeyan said he was leaving the position to pursue his personal interests.

He will become a senior adviser to Hexaware from October 28 to support the leadership transition.

Jetley will assume the role of the CEO on the same day, for a four-year term.

Currently, Jetley is a president at EXL and leads its insurance, healthcare and life sciences businesses. He previously headed EXL’s analytics division, where he oversaw its analytics, artificial intelligence and data management services.

He joined EXL in 2006 through its acquisition of Inductis, an analytics consulting company where he was a partner. During his two decades at EXL, Jetley has held roles covering corporate strategy, partnerships and acquisitions.

Jetley has more than 25 years of experience in consulting, data, artificial intelligence and business strategy. He started his career as a consultant with Mitchell Madison Group in New York. He holds a bachelor’s degree in computer engineering and a master’s degree in business administration from the Indian Institute of Management, Calcutta.

The leadership change comes as Hexaware seeks to expand its AI services. The company said Jetley would focus on increasing its business and expanding its services across global markets amid increasing AI adoption.

“We are at a defining moment for IT services, as AI adoption fundamentally changes how services are delivered, how capabilities are built, and how enterprises create value,” Jetley said.

Hexaware has an opportunity to help clients manage this change and expand its own use of artificial intelligence in delivering services, he added.

“Vivek brings a proven ability to scale businesses, deepen enterprise relationships and build data and AI-led growth platforms,” Sandra Horbach, Hexaware board member and chair of Americas corporate private equity at Carlyle, said on the management change.

Larry Quinlan, non-executive chairman at Hexaware, said Ramakarthikeyan “leaves a strong foundation for its next phase of accelerated growth.”

Read more news onhexaware technologiesHexawareSrikrishna RamakarthikeyanVivek JetleyEXLIndian IT servicesHexaware CEO transitionVivek Jetley appointmentSrikrishna Ramakarthikeyan resignationHexaware TechnologiesJetley previous experience

(Catch all the Technology News News, and Latest News Updates on The Economic Times.)

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