Syntel has announced that its current Chief Executive Officer & President, Prashant Ranade, will become Executive Vice-Chairman of Syntel’s Board of Directors effective April 21, 2014. The Company's Board of Directors has appointed Nitin Rakesh to the positions of Chief Executive Officer & President, succeeding Ranade.
Bharat Desai, Syntel's Chairman & Co-Founder, said, "Under Prashant's leadership, Syntel has transformed into one of the best performing companies in our industry. He has been instrumental in driving a culture of customer centricity, growth orientation and operational excellence across the organization. On behalf of 22,000+ Syntellers, I thank Prashant for his leadership as CEO and look forward to his continued active involvement, mentorship and strategic guidance as Executive Vice-Chairman."
"It has been a privilege to lead Syntel for the past four years as CEO & President. Nitin's promotion reflects our commitment to people development and providing growth opportunities to leaders. He has consistently demonstrated strong leadership and an appreciation of our core values and culture that will enable him to lead Syntel to continued long-term success. I look forward to working with Nitin in my new role as Executive Vice-Chairman," said Prashant Ranade.
Nitin Rakesh will move into the role of CEO & President from his current position as President –Americas, Business Development and Near Shoring Center. Before rejoining Syntel, Nitin served as Chief Executive Officer & Managing Director of Motilal Oswal Asset Management Company from September 2008 to September 2012. He previously developed and led Syntel's Knowledge Process Outsourcing business from 2002 until 2008.
