iGATE names Phaneesh Murthy as CEO

BANGALORE, INDIA: Technology and operations provider iGATE Corporation has named Phaneesh Murthy as chief executive officer effective April 1, 2008.

Phaneesh will take over the role from Sunil Wadhwani, chief executive officer of iGATE since its inception in 1987.

Phaneesh has served as the chief executive officer of iGATE Global Solutions (‘iGS’ iGATE’s offshore services subsidiary) since 2003, and was previously head of Global Sales and Marketing for Infosys Technologies.

This appointment is being made in conjunction with the previously announced decision by the iGATE board of directors to divest iGATE’s Professional Services business, iGATE said in a release.

Sunil Wadhwani and Ashok Trivedi, co-chairmen of the board of directors of iGATE Corporation, said, “Phaneesh and his team have done an outstanding job in transforming iGATE Global Solutions. We are confident that the new executive team at iGATE Corp will lead the company to continued success in the years ahead.”

Ramachandran Natesan, the current chief financial officer of iGATE Global Solutions, is also being appointed chief financial officer of iGATE, effective April 1, 2008.

Ramachandran will replace Michael J. Zugay who will retire after 13 years of service with iGATE.