Tech Mahindra on Thursday appointed Mohit Joshi as an additional director of the board of directors. Effective from 20 June 2023, this development aligns with the company’s plan for a seamless leadership transition.
The decision was made during a board meeting held on Thursday, where the directors approved the appointment, subject to shareholder approval during the upcoming annual general meeting scheduled for 27 July. Mohit Joshi, who has been selected as CEO designate, will take on the role of whole-time director, along with the designation of managing director-designate and key managerial personnel.
The appointment of Joshi as CEO and MD will officially come into effect from 20 December 2023, succeeding CP Gurnani, the current MD and CEO of Tech Mahindra, who is set to retire on 19 December 2023. These measures were implemented to ensure a smooth transition in leadership.
In a statement issued to the exchanges, Tech Mahindra stated, “Further to the earlier intimation sent on March 11, 2023, we wish to inform you that the board of directors at its meeting held today, with a view to ensuring smooth transition on account of the impending retirement of CP Gurnani, MD and CEO of the company on December 19, 2023, has inter-alia, based on the recommendation of nomination and remuneration committee approved the following.”
Mohit Joshi, 49, brings a wealth of experience to his new role at Tech Mahindra. Formerly the President at Infosys, he successfully led the global financial services and healthcare software businesses. He was also responsible for sales operations and transformation, overseeing major deals across the organisation. Additionally, Joshi had executive responsibility for the CIO function and played a crucial role at the Infosys Knowledge Institute.
Joshi’s tenure as an additional director and managing director-designate at Tech Mahindra will last until 19 June 2028.