EGON ZEHNDER
Coforge shares rise 2% after firm appoints Akhil Kumar Gupta as chairman post OP Bhatt’s abrupt resignation
Coforge appoints former Bharti Enterprises vice-chairman Akhil Kumar Gupta as chairperson and independent director for five years, following boardroom turmoil triggered by O P Bhatt’s resignation. The IT services firm retains its FY27 guidance and long-term growth targets.
Coforge appoints former Bharti Enterprises executive Akhil Gupta as chairman after board upheaval
Coforge has appointed Akhil Kumar Gupta as its new chairperson and non-executive independent director. This decision comes after the resignation of former chairman O P Bhatt amid controversies surrounding board evaluations. The internal audit revealed discrepancies that affected Coforge's market value significantly. Additionally, the nomination and remuneration committee chairperson D K Singh resigned shortly after. The company aims to stabilize its governance structure following recent boardroom upheavals.
UPI charges from October 15; Activate’s maiden fund
Happy Wednesday! The NPCI has announced charges on select UPI merchant payments. This and more in today's ETtech Morning Dispatch.
NPCI unveils UPI MDR; Meta's new child safety measures
The NPCI has finalised the long-awaited MDR framework for UPI transactions, paving the way for changes to the payments ecosystem. This and more in today’s ETtech Top 5.
Coforge shares fall over 3%. What are Jefferies, Emkay saying after Chairman, independent director exit?
Coforge shares fell after independent director and NRC chairperson DK Singh resigned, days after chairman OP Bhatt stepped down, raising concerns over the board changes. However, the company reiterated its FY27 guidance, retaining its targets of 20.5–21% consolidated EBITDA margin.
Coforge hires Egon Zehnder for chairman, independent director search
ET had reported last week that KPMG, the internal auditor of Coforge (formerly NIIT Technologies), had raised concerns that the board evaluation reports were selectively available only to the then NRC chair and chairman, and were not shared with other board members. Among the key findings that were suppressed was the low rating given to the chairman.
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Coforge appoints Egon Zehnder to recruit two independent directors
Coforge is hiring Egon Zehnder to find two new independent directors. This follows the recent resignations of its chairman and a committee head. An internal audit flagged governance lapses in their board evaluation handling. The company stated these issues do not impact its operations or financials. Coforge's financial guidance and revenue outlook remain unchanged.
IndusInd Bank said to hire headhunter to find CEO, MD
IndusInd Bank has enlisted Egon Zehnder to find a new CEO and deputy CEO, following accounting issues and an RBI decision that limited current CEO Sumant Kathpalia's term to one year. They aim to submit a list of candidates by July, hoping a new leadership can mitigate negative impacts from the crisis and short tenure.
Kotak Bank taps consulting firm Egon Zehnder to replace CEO Uday Kotak
Group presidents and whole-time directors Shanti Ekambaram and KVS Manian are the internal candidates for the top job, according to the people. The board is expanding the search to ensure it finds suitable external candidates, they said, asking not to be identified discussing confidential information.
Rising burnout in corner office: CEOs feel the heat, head for exit
Nine out of 10 CEOs in a global study by Egon Zehnder (EZ) of about 1,000 leaders— of which 6% were from India—agreed that, in recent years, the CEO post has moved into the centre of a world that’s louder, with more diverse and diverging voices.
India fares better than Asia average in gender diversity in company boards: Report
"India fared better than Asia as a whole in diversity of both executive and non-executive chair roles, with 5 per cent of executive chair roles filled by women in India and 10 per cent of non-executive chair roles," Egon Zehnder said.
Getting more inclusive: Women now hold 17% board positions in India Inc
India fared better than Asia in diversity of both executive and non-executive chair roles, with 5% of executive chair roles and 10% of non-executive chair roles respectively filled by women in India. Those numbers stand at 2.6% and 5%, respectively, in Asia as a whole.
CXO hiring firms diversify services amid slowdown
Benchmarking talent against competition, compensation analysis and evaluating reporting structures are some other services search firms offer companies looking for external help on these matters
Main challenge is retaining high-potential women at work: Survey
The 2019 edition of the Leaders and Daughters Global Survey sought responses from 2,500 women and men in leadership positions.
Rajeev Vasudeva new chairman of Centum Learning, to take 20% stake
Vasudeva, former global CEO of Egon Zehnder, will be a major investor in Centum Learning.
Search for chief of UTI MF gaining pace
UTI’s acting CEO, Imtaiyazur Rahman, is also a contender.
57% Indian CEOs find the job more challenging than anticipated: Survey
55% respondents said developing their senior leadership team was more or much more difficult than anticipated.
'Today is the age of the humble, vulnerable CEO'
Leaders had an information arbitrage earlier, but now information is readily available to everybody and that is reducing the power centres, Rajeev Vasudeva says.
Mrithyunjay Chandilya to head Adani Ports’ logistics business
Mrithyunjay Chandilya is renowned for his role as CEO, AirAsia India, where he successfully started India’s first foreign airline in the domestic space.
Mittu Chandilya, former AirAsia CEO, appointed CEO (logistics) at Adani Ports & SEZ
Chandilya comes with global exposure and a strong work experience in leadership positions at multinational and consulting organisations, the private port developer said in a statement.
Egon Zehnder makes Pallavi Kathuria MD for India operations
Kathuria moved to Egon Zehnder in 2011after more than 15 years of leadership experience at Microsoft, both in India and in the US.
Two months, three continents & about a dozen runners later, the choice was made
The hunt was officially kicked off in the second weekof April when Infosys announced that SD Shibulal had decided to retire as the CEO, MD and a member of the board.
Infosys completes evaluation for post of CEO; BG Srinivas, UB Pravin Rao in fray
BG Srinivas, one of the two Infy president who is responsible for most client-facing functions, is considered to be the front-runner for the top job.
Infosys on global hunt for CEO; non-founder may take over
Infy has hired executive search firm Egon Zehnder to identify & shortlist possible external candidates who could be considered for the position.
Board members are now getting a voice: Damien O’Brien, Chairman and CEO, Egon Zehnder
The focus is shifting from individuals to the institution, says Egon Zehnder chairman and CEO Damien O’Brien. Also, values and not knowledge, will drive teams in future.
Top executives avoid job change amid market slowdown
Candidates having stable careers with well-established brands are refraining from making a job change as they did not want to take a chance.
UTI restarts process of appointing a chairman and managing director
UTI board has given headhunting consultant Egon Zehnder India a fresh mandate to find candidates with professional qualifications and at least 20 years of experience.
How to select a CEO
Rajeev Vasudeva, senior partner at Egon Zehnder International explains the painstaking work that goes into picking the best person.
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