3 hrs ago
Hexaware Shares Fall 4% After CEO Srikrishna Ramakarthikeyan Resigns
Hexaware Technologies’ share price went down by about 4% during trading.
This happened after the company announced that its CEO, Srikrishna Ramakarthikeyan, would step down.
He will leave his CEO and board positions on October 28, 2026.
He will stay on as a Senior Advisor to help with the change.
Vivek Jetley has been chosen as the next CEO.
Jetley has more than 25 years of experience in AI, data and business transformation.
The company says artificial intelligence is changing the technology-services industry.
Investors have also been concerned because Hexaware’s shares have already fallen recently.
Hexaware Technologies shares fell as much as 4% on the NSE on September 3.
The stock opened at ₹538 and reached an intraday low of ₹519.20, versus a previous close of ₹543.60.
CEO Srikrishna Ramakarthikeyan will leave his CEO and board roles effective October 28, 2026.
Ramakarthikeyan, who led Hexaware for 12 years, will remain as a Senior Advisor during the transition.
Vivek Jetley will join Hexaware as CEO on October 28, 2026, as the company targets AI-led growth.
- Who
- Hexaware Technologies, CEO Srikrishna Ramakarthikeyan and incoming CEO Vivek Jetley.
- What
- Hexaware shares declined after the company announced a CEO transition.
- Where
- The shares traded on the National Stock Exchange of India.
- When
- The share-price decline occurred on September 3; the leadership change is effective October 28, 2026.
- Why
- The decline followed the CEO resignation announcement, while the company said the transition supports its next phase of AI-led growth.
Investor Concerns
Company’s Growth Rationale
Leadership transition
Investor Concerns
The CEO departure announcement was followed by a share-price decline, suggesting investor concern about the change in leadership.
Company’s Growth Rationale
Hexaware said Ramakarthikeyan will remain as a Senior Advisor to support a smooth transition.
Future strategy
Investor Concerns
The stock has been under pressure and has significantly underperformed the broader market index over the reported periods.
Company’s Growth Rationale
The company said Vivek Jetley’s appointment comes as AI reshapes enterprise technology services and creates new client-demand opportunities.
Incoming CEO
Investor Concerns
Investors may be assessing the risks associated with a new CEO taking charge during a period of market pressure.
Company’s Growth Rationale
Hexaware described Jetley as an experienced leader in AI, data, enterprise transformation and strategy with more than 25 years of experience.
Key facts
- Intraday decline
- Shares fell as much as 4% on the NSE.
- Opening price
- ₹538 per share on September 3.
- Intraday low
- ₹519.20.
- Previous close
- ₹543.60 on Wednesday.
- Market capitalization
- ₹31,943 crore.
- Outgoing CEO
- Srikrishna Ramakarthikeyan, who led Hexaware for 12 years.
- Incoming CEO
- Vivek Jetley, effective October 28, 2026.
- Recent performance
- The stock was down more than 6% in a week, 7% in a month, 31.19% year to date and 30.41% over one year.
Quotes
Vivek Jetley
CEO designate of Hexaware Technologies
“I am honored and excited to join Hexaware at such an important moment for the company and our industry. I want to recognise Keech for his leadership and the strong foundation he has helped build at Hexaware. We are at a defining moment for IT services, as AI adoption fundamentally changes how services are delivered, how capabilities are built and how enterprises create value. I see a tremendous opportunity not only to help our clients navigate this transformation, but also to shape Hexaware into”
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Sources
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