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Neeraj Bhargava steps down as WNS group CEO, to stay on board
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Neeraj Bhargava steps down as WNS group CEO, to stay on board
28 Jan 2009:
MUMBAI: In a high-profile exit, one of the founders of BPO firm WNS Global Services Neeraj Bhargava is stepping down as group CEO. He will,
however, continue in the CEO’s role till a new candidate assumes office and the transition is completed — most likely in the second half of 2009. After this, he will move to a role of a strategic advisor and stay on the company’s board.
His exit comes at a time when the Satyam board is searching for a CEO. But Mr Bhargava told ET that he was not leaving to take up another opportunity. “This is a regular process of the founder transitioning out to take a less intensive role... I’ve been pondering over this for a year now, and have had fairly open discussions with the board, given the economic environment we are in,” he said.
Earlier this month, the exit of Vivek Paul from venture firm TPG had fuelled speculation that he was one of the likely candidates being considered for the position of Satyam CEO. Industry observers said that Mr Bhargava’s move was not entirely a surprise, considering that he has been at the helm of the company since its inception and CEO since December 2003.
Source:
http://economictimes.indiatimes.com/Corporate_Announcement/Neeraj_Bhargava_steps
MUMBAI: In a high-profile exit, one of the founders of BPO firm WNS Global Services Neeraj Bhargava is stepping down as group CEO. He will,
however, continue in the CEO’s role till a new candidate assumes office and the transition is completed — most likely in the second half of 2009. After this, he will move to a role of a strategic advisor and stay on the company’s board.
His exit comes at a time when the Satyam board is searching for a CEO. But Mr Bhargava told ET that he was not leaving to take up another opportunity. “This is a regular process of the founder transitioning out to take a less intensive role... I’ve been pondering over this for a year now, and have had fairly open discussions with the board, given the economic environment we are in,” he said.
Earlier this month, the exit of Vivek Paul from venture firm TPG had fuelled speculation that he was one of the likely candidates being considered for the position of Satyam CEO. Industry observers said that Mr Bhargava’s move was not entirely a surprise, considering that he has been at the helm of the company since its inception and CEO since December 2003.
Source:
http://economictimes.indiatimes.com/Corporate_Announcement/Neeraj_Bhargava_steps
