Tata Consultancy Services (TCS) has a new leader. N. Chandrasekaran has assumed the role of Chief Executive Officer and Managing Director.
Chandrasekaran, previously Chief Operating Officer and Executive Director, replaces S. Ramadorai who will take the position of non-executive Vice-Chairman.
Ramadorai, whose term came to an end on August 8, was given an extension unitl Oct. 5. He was appointed as TCS CEO for a period of five years starting Aug. 9, 2004.
All things considered, Chandrasekaran inherits a relatively healthy firm. Despite a lagging global economy and a the cloud hanging over the $60 billion software and services sector, TCS beat analysts' expectations by posting a 22 percent rise in quarterly profit for the quarter ended June 30.
"I take over at a time when Mr. Ramadorai has ensured a strong position for TCS as a $6 billion company and a global IT services powerhouse," Chandrasekaran says. "With our strong customer base, full services offering, multi-domain capability, and presence across emerging markets, I believe that we are optimally positioned to take advantage of the opportunity in the global market."
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