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Coforge appoints Akhil Gupta chairperson after boardroom turmoil

Coforge appoints Akhil Gupta chairperson after boardroom turmoil
Coforge appoints Akhil Kumar Gupta as chairperson · thehindubusinessline.com

Coforge is a technology services company that needed a new board chairperson.

Akhil Kumar Gupta has been chosen for the role for five years.

He previously held a senior position at Bharti Enterprises and has more than 40 years of experience.

The company began searching for a new leader after two senior board members left.

One of those departures followed concerns about a board performance report.

Coforge used a global search firm and considered 60 candidates.

Gupta was selected unanimously by the company’s board and nomination committee.

His appointment still needs approval from shareholders, and Coforge says its long-term revenue goal remains unchanged.

Key facts

Appointee
Akhil Kumar Gupta
Role
Chairperson and non-executive independent director
Term
Five years, effective Tuesday
Approval
Subject to shareholder approval
Search process
Conducted with global executive search firm Egon Zehnder; 60 candidates were initially considered
Revenue guidance
Four-year guidance of close to $5 billion remains intact
Previous leadership
O P Bhatt resigned as chairman on September 9; Vivek Sharma served as interim chairperson

Quotes

Vivek Sharma

Coforge non-executive independent director and interim chairperson

“We ran a very rigorous and intense global search process in partnership with Egon Zehnder with a focus on finding a candidate with the highest governance experience, professional expertise, and strategic perspectives – criteria that I had shared earlier at our investor meeting.”
thehindubusinessline.com
“We are very excited to have Mr Akhil Gupta join us as the chairperson at a very important time for the industry and the firm.”
thehindubusinessline.com

Sources

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