N Chandrasekaran takes over as CEO of TCS

Mumbai: N Chandrasekaran has taken over as chief executive officer and managing director of Tata Consultancy Services from S Ramadorai, who is stepping down after 13 years as CEO.

Chandrasekaran, was previously chief operating officer and executive director.

Aman Mehta, independent director on the board of TCS said, ''Chandra is extremely well equipped to take over the mantle from his illustrious predecessor, Ram. This has truly been a seamless transition process.''

While handing over the baton to his successor, Ramadorai said, ''Over the last 13 years, we've seen a tremendous transformation and growth not only in TCS but across the Indian IT services industry as a whole. I wish Chandra the very best. I am sure he will steer TCS to its next level of development and growth.''

Ramadorai, who is retiring from his executive role, upon reaching the retirement age of 65 years as per TCS's governance policy, will remain with TCS as a non-executive vice chairman and a member of the board of directors.

Chandrasekaran said on his elevation, ''I take over at a time when Mr. Ramadorai has ensured a strong position for TCS as a $6-billion company and a global IT services powerhouse. With our strong customer base, full services offering, multi-domain capability, and presence across emerging markets, I believe that we are optimally positioned to take advantage of the opportunity in the global market.''

''It is important to drive excellence and growth through empowerment of our 140,000-strong employee base and value articulation for our global customers,'' he added.

The Tata Group today also announced the elevation of H M Nerurkar as the new MD of Tata Steel, on the retirement of B Muthuraman, who has reached the retirement age of 65, as per the company's governance policy. (See: HM Nerurkar takes over as MD, Tata Steel - B Muthuraman is non-executive VC)