News: Top Level Exits in the Indian IT sector

C-Suite

Top Level Exits in the Indian IT sector

Bhaskar Pramanik, MD of Oracle India; Ravi Venkatesan, chairman of Microsoft India; Girish Paranjape and Suresh Vaswani, joint CEOs of Wipro; and Ashok Soota, executive chairman of MindTree, have been some of the recent top level exits in the Indian IT sector. iGate lured away Cognizant’s head of banking, Debashis Chatterjee who is reportedly going to be its COO.

Bhaskar Pramanik, MD of Oracle India; Ravi Venkatesan, chairman of Microsoft India; Girish Paranjape and Suresh Vaswani, joint CEOs of Wipro; and Ashok Soota, executive chairman of MindTree, have been some of the recent top level exits in the Indian IT sector. iGate lured away Cognizant’s head of banking, Debashis Chatterjee who is reportedly going to be its COO.
As the industry goes through a boom period organizations are grappling with turnover across the ladder. Senior level exits however have different implications than middle or junior levels. Apart from business disruptions and cost implications, such exits affect employee morale most. People always wonder “why did that person go? Did he know something that we do not?” The way to handle such exits is to communicate frequently with employees. Having a succession plan for all contingencies is of the essence – even for top level executives.
 

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Topics: C-Suite, #Updates

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