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Firstsource quote appoints Cognizant’s digital operations head as new CEO

Bengaluru/Mumbai: Cognizant’s Global Head of Digital Operations, Vipul Khanna will be replacing Rajesh Subramaniam as the Managing Director & CEO of Mumbai based Firstsource Solutions, a business process outsourcing and management firm.

“He is going to develop a deep tech driven BPM business and likely to align with investors to fund the venture,” a source with knowledge of Subramaniam’s plans said.

Subramaniam’s term expires on 31st July, 2019 and he ‘expressed a desire not to seek reappointment’ according to a note on the exchanges. He had joined the company in 2012.

Vipul Khanna, has accepted the Company’s offer for appointment with effect from August 2, the note said.

The matter will be considered by the board at its next meeting on August 2. Firstsource Solutions shares ended 2.11% higher at 53.30 Rs on Wednesday.

Source: Economic Times