Mphasis picks Syntel’s Nitin Rakesh as CEO


Bengaluru: Information technology services provider Mphasis Limited on Friday announced the appointment of 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, the company said in a release.

Rakesh until recently was chief executive officer and President of Syntel, Inc.(a NASDAQ listed IT Services Company), it said, adding that, prior to that, he held multiple roles at Syntel such as President, Americas, where he headed Business Development and North American operations.

“Mphasis hopes to gain from Nitin’s vast experience, strong customer orientation and deep insights in the areas of new emerging technologies such as Digital & Automation,” chairman of the Board of Mphasis Davinder Singh Brar said.

Last year, private equity firm Blackstone had bought a majority stake in Mphasis from Hewlett Packard Enterprise (HPE) for about $1.1 billion.

On his appointment, Rakesh said he is very excited to take on the leadership of Mphasis. “I am most enthused about the company’s unique positioning and strong customer base and hope to capitalise on the opportunities offered by adoption of digital transformation. 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,” he said.