Noida, India -- January 22, 2020: HCL Technologies (HCL), a leading global technology firm, today announced that its President & CEO, Mr. C. Vijayakumar has been named Chairman of the IT industry Governors community of the World Economic Forum. The announcement was made at the Forum's Annual Meeting in Davos, Switzerland.
The Forum’s IT Governors community convenes CEOs of the world’s top Information Technology companies in order to help them responsibly shape the future of their industry. It acts as a platform for setting industry priorities, building shared understanding, and coordinating actions that lead to results.
Under Mr. Vijayakumar’s stewardship the community will prioritise dialogue and action around the most pressing issues impacting the industry’s future progress like Talent re-skilling, Data governance, security and privacy, Responsible proliferation of Artificial Intelligence, amongst others.
“We’re very pleased to have Mr. Vijayakumar chairing our efforts this year in the IT Governors, which will focus on responsible technology leadership. We are looking forward to next steps and tackling urgent challenges together,” said Eric White, Head of the IT Industry at the World Economic Forum
“In today’s world where technology is at the heart of virtually every individual, social, policy and corporate action and by that means at the very center of human progress, it is critical that the IT Industry remains a beacon of responsible leadership”, said C Vijayakumar, President & CEO, HCL Technologies. “With that vision as our north-star, I look forward to working closely with my colleagues in the IT Governors community this year on addressing prioritised issues of immediate and impending relevance as well as launch some new initiatives for cross-industry collaboration around data privacy, skilling and responsible use of new disruptive technologies”, he added.
The World Economic Forum is a leading International Organization of repute for Public-Private Cooperation. The Forum engages the foremost political, business, cultural and other leaders of society to shape global, regional and industry agendas. Its Annual Meeting in Davos brings together the heads and members of more than 100 governments, top executives of the 1,000 foremost global companies, leaders of international organizations and relevant non-governmental organizations as well as the most prominent cultural, societal and thought leaders.
About HCL Technologies
HCL Technologies (HCL) empowers global enterprises with technology for the next decade today. HCL’s Mode 1-2-3 strategy, through its deep-domain industry expertise, customer-centricity and entrepreneurial culture of ideapreneurship™ enables businesses to transform into next-gen enterprises.
HCL offers its services and products through three business units - IT and Business Services (ITBS), Engineering and R&D Services (ERS) and Products & Platforms (P&P). ITBS enables global enterprises to transform their businesses through offerings in areas of Applications, Infrastructure, Digital Process Operations and next generational digital transformation solutions. ERS offers engineering services and solutions in all aspects of product development and platform engineering. Under P&P, HCL provides modernized software products to global clients for their technology and industry-specific requirements. Through its cutting-edge co-innovation labs, global delivery capabilities and broad global network, HCL delivers holistic services in various industry verticals, categorized under Financial Services, Manufacturing, Technology & Services, Telecom & Media, Retail & CPG, Life Sciences & Healthcare and Public Services.
As a leading global technology company, HCL takes pride in its diversity, social responsibility, sustainability and education initiatives. As of 12 months ended December 31, 2019, HCL has a consolidated revenue of US$ 9.7 billion and its 149,000 ideapreneurs operate out of 45 countries. For more information, visit www.hcltech.com
Certain statements in this release are forward-looking statements, which involve a number of risks, uncertainties, assumptions and other factors that could cause actual results to differ materially from those in such forward-looking statements. All statements, other than statements of historical fact are statements that could be deemed forward-looking statements, including but not limited to the statements containing the words 'planned', 'expects', 'believes’,’ strategy', 'opportunity', 'anticipates', 'hopes' or other similar words. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding impact of pending regulatory proceedings, fluctuations in earnings, our ability to manage growth, intense competition in IT services, business process outsourcing and consulting services including those factors which may affect our cost advantage, wage increases in India, customer acceptances of our services, products and fee structures, our ability to attract and retain highly skilled professionals, our ability to integrate acquired assets in a cost-effective and timely manner, time and cost overruns on fixed-price, fixed-timeframe contracts, client concentration, restrictions on immigration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks, our ability to successfully complete and integrate potential acquisitions, the success of our brand development efforts, liability for damages on our service contracts, the success of the companies /entities in which we have made strategic investments, withdrawal of governmental fiscal incentives, political instability, legal restrictions on raising capital or acquiring companies outside India, and unauthorized use of our intellectual property, other risks, uncertainties and general economic conditions affecting our industry. There can be no assurance that the forward-looking statements made herein will prove to be accurate, and issuance of such forward-looking statements should not be regarded as a representation by the Company, or any other person, that the objective and plans of the Company will be achieved. All forward-looking statements made herein are based on information presently available to the Management of the Company and the Company does not undertake to update any forward-looking statement that may be made from time to time by or on behalf of the Company.
For further details, please contact:
Anne Coyle, US
Elka Ghudial, Europe
Devneeta Pahuja, India and APAC