iGate's Ashok Vemuri Joins Capgemini Board
iGate chief executive Ashok Vemuri has been elevated to Capgemini’s highest executive decision making body, months after the IT services major bought the US-based outsourcing firm for $4 billion.
According to reports, Vemuri is now part of Capgemini’s group management board, which also includes other top executives such as chairman and chief executive Paul Hermelin; deputy CEO Salil Parekh; consulting and BPO head Olivier Sevillia; infrastructure services business Patrick Nicolet; group CFO Aiman Ezzat and people management and transformation head Hubert Giraud.Capgemini confirmed Vemuri’s new role within the company.
“We can confirm that Ashok Vemuri has joined Capgemini’s GMB (Group Management Board),” a Capgemini spokeswoman said in an email. Other top iGate executives such as HR head Srinivas Kandula is now leading the integration with Capgemini from iGate’s side.
When Infosys veteran Vemuri joined iGate in October 2013, the company seemed to have put behind much anxiety that were created after Phaneesh Murthy’s controversial exit from the company. Murthy, who had been instrumental in taking the company to the billion dollar club, was sacked for not reporting a relationship with a subordinate. But analysts believed the company could well be heading for better times with the change in leadership.
Read more: Capgemini-iGATE Merger A Win-Win Deal?
It seems the market has reacted quite positively to Vemuri’s presence into iGate, as they said the company couldn’t have found a better candidate as Vemuri is known for his ability to manage complex business and political environment. He also has a good association with investors and brokerages and was instrumental in establishing Infosys’ North American business.
In April 2015, Capgemini said it would buy iGate, which has most of its operations and employees in India, for $4 billion in cash to create an entity with a combined revenue of about $14 billion to gain access to the world’s largest technology market, North America, and some of iGate’s customers like General Electric and Royal Bank of Canada.
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