Infosys Chairman Mohit Joshi Steps Down; to join Tech Mahindra as CEO, MD

Computer company Tech Mahindra on Saturday announced the appointment of former Infosys chairman Mohit Joshi as managing director and CEO designate, who will take over from CP Gurnani after his retirement on December 19 this year.

The announcement follows Joshi’s resignation from Infosys where he led the global financial services and healthcare and software businesses, which included Finacle (Infosys’ banking platform) and the intelligence portfolio. artificial and automation.

“Mohit will take over as Managing Director and CEO when CP Gurnani retires on December 19, 2023. He will join Tech Mahindra well before that date to allow for sufficient transition time,” Tech Mahindra said in a statement.

Separately, Infosys in a regulatory filing said Joshi had resigned from the company. He will be on leave from March 11, 2023 and his last appointment with the company would be June 9, 2023.

Joshi will replace Gurnani who was one of India’s longest-serving IT CEOs.

Gurnani had joined Tech Mahindra in 2004 and later led the takeover of scam victim Satyam Computers and its merger with Tech Mahindra.

He has been Managing Director and CEO of Tech Mahindra since June 2009.

Chairman of Tech Mahindra’s Nomination and Remuneration Committee (NRC), TN Manoharan, said Joshi’s appointment is the successful culmination of a rigorous selection process during which the NRC evaluated a number of candidates. internal and external.

“Mohit’s experience in digital transformation, new technologies and large transactions will complement Tech Mahindra’s strategies and continue to build on the strong growth momentum demonstrated by the company,” he said. .

At Infosys, Joshi was also responsible for the company’s internal CIO function and the Infosys Knowledge Institute.

He has been a non-executive director of Aviva Plc since 2020 and is a member of its risk and governance and nominations committees.

“Tech Mahindra’s growth journey has been remarkable. I am thrilled to join the Tech Mahindra family and look forward to working closely with all associates, partners and customers to achieve new milestones, make a positive difference and grow together,” said Joshi. .

Prior to joining Infosys in 2000, Joshi worked with ABN AMRO and ANZ Grindlays in their corporate and investment banking. Mohit has lived and worked in Asia, America and Europe and currently lives in London with his family.