HCL Technologies, country's fourth-largest software services provider, has formally anointed Anant Gupta as its new CEO and President, replacing Vineet Nayar. Nayar would, however, continue his role as Vice Chairman of the company. Gupta, 44, has been with the company for the past 19 years during which he is credited with building its infrastructure business, in which the company manages the technology resources of global customers remotely, into a $1 billion-plus business. 

The change will mark the latest instance of a CEO-level shuffle in India's IT sector, but is a rare one for HCL, where Nayar has held the top job since 2007. HCL's larger peers TCS, Infosys and Wipro have all got new CEOs in the past two years.

Source : The Economic Times