Announcement Context

Hexaware Technologies Limited announced a leadership transition with the appointment of a new CEO Designate to drive the company's AI-led growth strategy.

Leadership Transition Details

  • Vivek Jetley appointed as CEO Designate, will assume role of CEO on October 28, 2026
  • Current CEO Srikrishna Ramakarthikeyan ("Keech") will step down as CEO and as member of Board of Directors effective October 28, 2026
  • Keech will remain with company as Senior Advisor to ensure smooth leadership transition
  • Keech led Hexaware for 12 years before this transition

New CEO Background and Experience

  • Vivek Jetley brings more than 25 years of experience at intersection of AI and data, enterprise transformation and strategy
  • Proven track record of scaling global businesses, leading large P&Ls and creating new growth engines during technology disruption periods
  • Deep experience in management consulting, analytics and data and AI-led transformation
  • Previously served as President at EXL, leading their Insurance, Healthcare and Life Sciences businesses
  • Prior role was President and head of EXL analytics, building advanced analytics, AI services and enterprise data management capabilities
  • Joined EXL in 2006 through acquisition of Inductis (specialized analytics consulting firm where he was partner)
  • Held various leadership roles at EXL with responsibility for corporate strategy, strategic partnerships, innovation, and led several acquisitions

Strategic Focus and Rationale

  • Appointment comes at important moment as company enters next phase of accelerated growth
  • AI reshaping enterprise technology services globally and creating new sources of client demand
  • Focus on accelerating growth and scaling Hexaware's AI-led services model globally
  • Company described as having "deep domain expertise, trusted client relationships and growing set of AI capabilities"

Board Commentary

  • Larry Quinlan, Non Executive Chairman: Thanked Keech for contributions over past 12 years, noted he leaves strong foundation for accelerated growth phase
  • Sandra Horbach, Hexaware Board Member and Chair of Americas Corporate Equity at Carlyle: Noted Hexaware's strong business and growing AI capabilities, mentioned Carlyle as major shareholder supporting the transition

New CEO Commentary

  • Vivek Jetley expressed honor and excitement to join at important moment for company and industry
  • Recognized Keech's leadership and strong foundation built at Hexaware
  • Described current period as "defining moment for IT services" with AI adoption changing service delivery, capability building and enterprise value creation
  • Sees opportunity to help clients navigate transformation and shape Hexaware into leading AI-led services company

Outgoing CEO Commentary

  • Keech stated it was privilege to lead Hexaware and work with talented colleagues, clients and partners
  • Expressed confidence that company is well positioned for continued success
  • Committed to supporting smooth leadership transition as Senior Advisor

Company Background

Hexaware is described as a global technology and business process services company and an AI-first digital and IT services company with offices across the world, empowering enterprises to realize digital transformation at scale and speed.