HCL Technologies Appoints C Vijayakumar as Chief Executive Officer
Noida, India, October 21st, 2016: HCL Technologies (HCL), a leading global IT services provider, today announced the appointment of C Vijayakumar as the President and Chief Executive Officer of the company, with immediate effect.
“HCL has always identified emerging opportunities and pivoted early during market inflections. Over the last couple of years, by organizing itself for transformation, the company has sustained consistency in its growth and has achieved a differentiated market position, said Shiv Nadar, Chairman and Chief Strategy Officer, HCL Technologies. “Vijay has been a transformational leader in the company leading from the front. His vision and flawless execution track record best positions him for taking our journey forward. I wish him all the very best”, he added.
To increase momentum of company’s next generation services, C Vijayakumar will further accelerate execution of Mode 1-2-3 strategy to grow the experience based and business outcome oriented next generation services such as BEYONDigitalTM, IOT WorksTM, Cloud and Cyber-security Services, sustain leadership position in the core services and achieve greater momentum in the ecosystem driven products and platform business.
"I am deeply humbled and honored to be given an opportunity to lead HCL Technologies, where we are uniquely positioned to win in the new world. Over the last two decades, I have had the privilege of working with world class teams, creating collective value for our clients, employees, investors and communities in which we operate. I look forward to partnering with each one of our HCL ideapreneurs as we embark on the next phase of our journey”, said C Vijayakumar, President and CEO, HCL Technologies.
Anant Gupta, who has been a significant contributor and leader in the company’s growth journey has transitioned to pursue personal interests. We thank Anant for his valuable contributions to our organization, over the last two decades.
C Vijayakumar’s appointment reflects the maturity of HCL succession planning and practice of nurturing leadership in the technology industry. He will continue to be based in the USA, closer to our clients and key technology partners further strenghtening execution of our strategy.
About HCL Technologies
HCL Technologies is a leading global IT services company working with clients to impact and redefine the core of their businesses. Since its emergence on the global landscape after its IPO in 1999 and listing in 2000, HCL Technologies, along with its subsidiaries, today operates out of 32 countries and has consolidated revenues of US$ 6.6 billion, for 12 Months ended 30 September, 2016. For the 21st Century Enterprise, HCL focuses on business model transformation, underlined by innovation and value creation, offering an integrated portfolio of services including BEYONDigitalTM, IoT WoRKSTM, Engineering Services Outsourcing and Next–Generation ITO that focuses on integrated infrastructure services, applications services and business services. HCL leverages DRYiCETM, its third generation autonomics and orchestration platform, global network of integrated innovation labs, and global delivery capabilities to provide holistic multi–service delivery in key industry verticals including Financial Services, Manufacturing, Telecommunications, Media, Publishing Entertainment, Retail CPG, Life Sciences Healthcare, Oil Gas, Energy Utilities, Travel, Transportation Logistics and Government. With 109,795 professionals from diverse nationalities, HCL Technologies focuses on creating real value for customers by taking 'Relationships Beyond the Contract'. For more information, please 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.