Board of Directors appoint S Ramadorai as Vice Chairman; Confirms N Chandrasekaran as new CEO & MD
Mumbai, September 4, 2009: Tata Consultancy Services (TCS), (BSE: TCS.BO, NSE: TCS.NS), a leading IT services, consulting, business solutions and outsourcing firm, today announced that the Board of Directors has appointed S Ramadorai on the Board of Directors as an additional director and designated him as the Vice-Chairman of the company in a non-executive capacity with effect from October 6, 2009. S Ramadorai, the present Chief Executive Officer and Managing Director will retire from his executive and board position on October 5, 2009 on reaching the retirement age of 65 years as per the company’s policy.
The Board of Directors has also confirmed the appointment of N Chandrasekaran, the present Chief Operating Officer and Executive Director as the Chief Executive Officer and Managing Director of the company with effect from October 6, 2009.
About Tata Consultancy Services Ltd. (TCS)
Tata Consultancy Services is an IT services, consulting and business solutions organization that delivers real results to global business, ensuring a level of certainty no other firm can match. TCS offers a consulting-led, integrated portfolio of IT, BPS, infrastructure, engineering and assurance services. This is delivered through its unique Global Network Delivery Model™,recognized as the benchmark of excellence in software development. A part of the Tata Group, India’s largest industrial conglomerate, TCS has over 140,000 of the world's best trained IT consultants in 42 countries. The company generated consolidated revenues of US $6 billion for fiscal year ended 31 March 2009 and is listed on the National Stock Exchange and Bombay Stock Exchange in India.For more information, visit us at www.tcs.com.
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