WNS APPOINTS KESHAV MURUGESH CHIEF EXECUTIVE OFFICER
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SOURCE: Press Release
DATE: Feb 3rd, 2010
WNS like a number of pure play BPO firms has been figuring out how they will continue to grow. PE investors in the firm had been looking to sell the firm earlier but have not been able to find the right suitor at the right price to acquire the firm. Syntel which has primarily focused on IT services and has recently tried to establish footing in the BPO space has also been working hard to grow their footprint.
WNS (Holdings) Limited (WNS) (NYSE: WNS), a leading provider of global business process outsourcing (BPO) services, today announced that its Board of Directors has appointed Keshav Murugesh to the position of Chief Executive Officer and elected him to the Board.
Murugesh, 46, most recently served in the same role at Nasdaq listed Syntel Inc, a global provider of custom outsourcing solutions in a broad spectrum of information technology and information technology-related services. He is expected to assume his new responsibilities effective February 19, 2010.
“Keshav’s impressive track record is testimony to his ability to delight clients, build a company capable of sustained growth, and deliver superior financial performance, making him the right CEO to lead WNS now,” said Eric B. Herr, Chairman, WNS Group.
As Syntel’s CEO, Murugesh was responsible for the company’s global IT services and knowledge process outsourcing (KPO) businesses. Prior to being named CEO, he served as COO, President and CFO, during which time the company’s global work force, revenue, EPS and market capitalization grew significantly. In 2009, the company was ranked as the top outsourcing company in Fortune magazine’s “100 fastest growing companies in the world.” Prior to joining Syntel as CFO in 2002, he held a range of progressively responsible senior management posts at conglomerate ITC Limited, an affiliate of BAT plc.
Murugesh holds a Bachelor’s Degree of Commerce and is a Fellow of The Institute of Chartered Accountants of India. He is a frequent industry speaker and serves as the Chairman of SIFE (Students in Free Enterprise) India, which is a global organization involved in educational outreach projects in partnership with businesses across the globe.
“WNS has established itself as a driving force in the BPO industry,” said Murugesh. “Building upon this foundation, my team and I will be fully focused on top line growth, customer centricity, operational and financial metrics, and driving innovation across the enterprise. I look forward to taking WNS to the next level of performance, harnessing the talents of one of the most experienced and dedicated teams in the industry.”
“Our clients, employees, and investors will find in Keshav a leader ready to deliver solid results to all of our stakeholders,” Herr added.
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