Tiger to replace Pramod Bhasin as Genpact CEO

Business process outsourcing (BPO) firm Genpact on Monday said the company’s board has decided

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to appoint NV ‘Tiger’ Tyagarajan as the new chief executive officer (CEO) with effect from June 17. Till now, Tyagarajan was the chief operating officer (COO).

Present president and CEO Pramod Bhasin has decided to step down from his post and as a member of the board, Genpact said in a statement. Bhasin will now become a non-executive vice-chairman of the company.

“Tiger is a superb choice to lead Genpact to its next phase of growth and development. To have someone of Tiger’s talent and experience ready for this role is a testament to Genpact’s deep leadership bench and the strength of its succession planning process,” Genpact board chairman Robert Scott said.

Tyagarajan was Genpact CEO from 1999 to 2002 and led the business through a critical growth phase as a subsidiary of GE.

“As we are becoming stronger in new verticals such as capital markets, information technology is also becoming relevant to our company. Genpact would thrive hard to achieve its goals,” Tyagarajan said in a late evening conference call.

“I am confident he is the right person to take Genpact forward in its next phase of growth. Along with helping Tiger, particularly in the areas of acquisition integration, organisation development and growth in new geographies, I now look forward to other pursuits,” Bhasin said.

When asked Bhasin about his new venture if planned, he said, “I do not have anything planned. Whenever I have a great idea, I will share.”

When Genpact became an independent company, Tyagarajan rejoined Genpact from GE Capital US as executive vice-president (sales and business development) from 2005 to 2009. Thereafter, he took on the role of Genpact COO.

Tyagarajan has worked with Unilever Group and Citibank in India. Tyagarajan has worked with Unilever Group and Citi-bank in India. Shares of the company were trading one per cent up at $17.11 on the New York Stock Exchange.

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