Vineet Nayar named HCL Tech vice chairman

NEW DELHI, INDIA: HCL Technologies, which announced its quarterly financial results today, said that it has appointed Vineet Nayar as vice chairman of the company effective from November 01, 2010. He shall continue to be the CEO and whole-time director of the company.

His tenure as the whole-time director of the company on revised terms shall be for a period of 5 years from November 1, 2010, subject to the approval of the shareholders, HCL Technologies said in a statement.

With the goal of establishing HCL as a thought leader in the IT Industry, Vineet has sharpened HCL’s strategic focus investments around three key missions: creating next-generation business aligned IT services and solutions, ensuring customer engagement around the cornerstones of trust, transparency & transformation and empowering HCLites through the ‘Employee First Customer Second’ (EFCS) philosophy, says HCL website.

Vineet joined HCL in 1985 after earning his MBA from XLRI, one of the leading business management schools in Asia. In 1993, he started his own company, Comnet, where he pioneered many of the innovative management practices like EFCS which is now taught as a case study at Harvard Business School.