BPO major Genpact today said its CEO and President Pramod Bhasin has decided to step down from his post and as member of the board.
Current Chief Operating Officer N V Tyagarajan will take over Bhasin's role, with effect from June 17, 2011, Genpact said in a statement.
Bhasin will become the non-executive vice chairman of the company, it added.
"Tiger is a superb choice to lead Genpact to its next phase of growth and development. To have someone of Tiger's talent and experience ready for this role is a testament to Genpact's deep leadership bench and the strength of its succession planning process," Genpact Board Chairman Robert Scott said.
Tyagarajan was the CEO of Genpact from 1999 to 2002 and led the business through a critical growth phase as a subsidiary of GE.
When Genpact became an independent company, Tyagarajan rejoined Genpact from GE Capital US as executive vice president (sales and business development) from 2005 to 2009. Thereafter, he took on the role of Genpact COO.
"I'm delighted to be able to hand over the reins of the company to my long term business partner Tiger. I'm confident that he is the right person to take Genpact forward in its next stage of growth.
Along with helping Tiger, particularly in the areas of acquisition integration, organisation development and growth in new geographies, I now look forward to other pursuits," Bhasin said.
Tyagarajan has worked with Unilever Group and Citibank in India.
