In a statement to the exchanges, the company stated that the e-voting, for shareholders, will be open from March 18 to April 16. The company board had approved this decision on October 8, 2021. While Gopinathan’s new term will last for five years from February 21, 2022 to February 20, 2027, Subramaniam’s term will last from February 21, 2022 to May 19, 2024.
“… the company hereby approves the re-appointment and terms of remuneration of Mr Rajesh Gopinathan (DIN 06365813), as the chief executive officer and managing director (“CEO & MD”) of the company for a further period of five years with effect from February 21, 2022 upon the terms and conditions set out in the Explanatory Statement annexed to the Notice for Postal Ballot, with authority to the Board of Directors to alter and vary the terms and conditions of the said appointment in such manner as may be agreed to between the Board of Directors and Mr Rajesh Gopinathan,” said the statement to the exchanges.
Gopinathan, who was earlier the chief financial officer of the largest IT services firm TCS stepped into this role in 2017, following the elevation of then CEO N Chandrasekharan as the chairman of the Tata Group.
Starting in April, the IT giant is expected to rejig its entire business into groups termed as – acquisition, relationship incubation, enterprise growth and business transformation— presenting an industry-first model that moves away from the “traditional three-dimension ( framework) of geography, vertical or services.
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