ExlService Holdings has announced that Kiran Karnik decides not to seek re-election of EXL Board of directors. Kiran Karnik joined EXL’s Board of Directors in September of 2008 as an independent director.
Kiran Karnik said, “It is with considerable regret that I have decided to not seek re-election to the Board of Directors of EXL. Other commitments have made it increasingly difficult for me to devote the time that EXL deserves. Five years as a member of the Board have provided me with rich experience and much learning from my fellow Board colleagues and the extraordinarily talented management team. EXL has proved its mettle by successfully navigating the choppy waters of a difficult market in the last few years – converting challenges into opportunities – and is well-positioned for the future.”
Vikram Talwar, Chairman, EXL, said, “Kiran’s thoughtful perspectives on EXL and its industry, as well as his focus on corporate governance have greatly benefited EXL’s shareholders and management team. On behalf of the Board of Directors, I would like to sincerely thank Kiran for his years of service to the company.”
From September 2001 through January 2008, Karnik served as President of NASSCOM. His recently published book “The Coalition of Competitors” explores competition and cooperation in the IT sector, and the role that NASSCOM played in the success and growth of the IT industry.
