it giant Tata Consultancy Services and announced the resignation of Rajesh Cope Yonathan as CEO. An appointment of CAKE Pretty Vasana as the new CEO designate. Both outgoing CEO and the new CEO designate addressed this press conference, saying that the transition will be as smooth as possible change of guard at India's largest services company now While this was a surprise to the markets, experts believe it couldn't have been so sudden for the company. Remember, TCS reported consolidated revenues of over $25 billion for the fiscal year and did March 31st 2022. After a career of over 22 years with T. C s. And after being the managing director and CEO for last six years, Rajesh Gopinath in has decided to step down from the company. Rajesh Gopinath in will continue with the company till 15th September 2023. To help with the transition, the board has nominated K K C Vasana, CEO designate with effect from 16th March 2023. Katie Watson will go through a transition with Rajesh Bop Yonathan and will be appointed as the managing director and CEO in the next financial year. K K T. Vasile is the current global head of the banking, financial services and insurance business and now the outgoing CEO Rajesh Gopinath said the transition won't be dramatic. He also said. Both of us have worked together for a long time across teams. I don't expect the transition to be dramatic as such, but we owe it to our customers. Our colleagues are employees and all the stakeholders really to do this diligently. Meanwhile, K Katie Watson said that he will work with Rajesh Gopinath in over the next few months to understand all parts of the business. Let's talk about this transition. This is not rocket science. As I said, both of us are worked together a lot and our teams are also very stable. So I don't expect this concession to be something very dramatic or anything, but we owe it to assess it. Our customers, we away to our colleagues, our employees and all other stakeholders are to do diligently. I don't look at it as if we have insurmountable challenges that we need to address them immediately or to worry about the concern on the focus would be on now. We seized those opportunities entrant offers and make the organisation grow and engaged for our customers for our association. So unless I said these are the two pillars and water we do we be for those two set of stakeholders and be the focus is
