Home / Business and Economy / Coforge Appoints New Leader Amid Boardroom Turmoil
Coforge Appoints New Leader Amid Boardroom Turmoil
29 Sep
Summary
- Akhil Kumar Gupta appointed chairperson for five years.
- Appointment follows abrupt resignation of previous chairperson.
- Company maintains its revenue guidance despite leadership changes.
Coforge has appointed Akhil Kumar Gupta, formerly vice-chairman of Bharti Enterprises, as its new chairperson and non-executive independent director for a five-year term, effective Tuesday. This significant leadership change comes after a period of considerable boardroom instability within the IT services firm.
The recent turmoil began with the abrupt resignation of former chairman O P Bhatt on September 9. This event was reportedly triggered by an internal audit that highlighted his own performance rating as the lowest. The situation escalated with the subsequent resignation of the nomination and remuneration committee chairperson, D K Singh.
Following these exits, Vivek Sharma served as interim chairperson while Coforge engaged Egon Zehnder for a global search. Gupta, a chartered accountant with over 40 years of experience, chairs multiple boards and brings extensive governance and professional expertise. His appointment is pending shareholder approval, and the company has reaffirmed its revenue guidance of close to USD 5 billion.
