WNS APPOINTS KESHAV MURUGESH CHIEF EXECUTIVE OFFICER
February 03 2010 - 6:18AM
Marketwired
WNS (Holdings) Limited (WNS) (NYSE: WNS), a leading provider of
global business process outsourcing (BPO) services, today announced
that its Board of Directors has appointed Keshav Murugesh to the
position of Chief Executive Officer and elected him to the Board.
Murugesh, 46, most recently served in the same role at Nasdaq
listed Syntel Inc, a global provider of custom outsourcing
solutions in a broad spectrum of information technology and
information technology-related services. He is expected to assume
his new responsibilities effective February 19, 2010.
"Keshav's impressive track record is testimony to his ability to
delight clients, build a company capable of sustained growth, and
deliver superior financial performance, making him the right CEO to
lead WNS now," said Eric B. Herr, Chairman, WNS Group.
As Syntel's CEO, Murugesh was responsible for the company's
global IT services and knowledge process outsourcing (KPO)
businesses. Prior to being named CEO, he served as COO, President
and CFO, during which time the company's global work force,
revenue, EPS and market capitalization grew significantly. In 2009,
the company was ranked as the top outsourcing company in Fortune
magazine's "100 fastest growing companies in the world." Prior to
joining Syntel as CFO in 2002, he held a range of progressively
responsible senior management posts at conglomerate ITC Limited, an
affiliate of BAT plc.
Murugesh holds a Bachelor's Degree of Commerce and is a Fellow
of The Institute of Chartered Accountants of India. He is a
frequent industry speaker and serves as the Chairman of SIFE
(Students in Free Enterprise) India, which is a global organization
involved in educational outreach projects in partnership with
businesses across the globe.
"WNS has established itself as a driving force in the BPO
industry," said Murugesh. "Building upon this foundation, my team
and I will be fully focused on top line growth, customer
centricity, operational and financial metrics, and driving
innovation across the enterprise. I look forward to taking WNS to
the next level of performance, harnessing the talents of one of the
most experienced and dedicated teams in the industry."
"Our clients, employees, and investors will find in Keshav a
leader ready to deliver solid results to all of our stakeholders,"
Herr added.
About WNS
WNS (Holdings) Limited (NYSE: WNS) is a leading global business
process outsourcing company. Deep industry and business process
knowledge, a partnership approach, comprehensive service offering
and a proven track record enables WNS to deliver business value to
some of the leading companies in the world. WNS is passionate about
building a market-leading company valued by our clients, employees,
business partners, investors and communities. For more information,
visit www.wns.com.
Safe Harbor Statement under the provisions of the United States
Private Securities Litigation Reform Act of 1995
These forward-looking statements are based on our current
expectations, assumptions, estimates and projections about our
Company and our industry. The forward-looking statements are
subject to various risks and uncertainties. Generally, these
forward-looking statements can be identified by the use of
forward-looking terminology such as "anticipate," "believe,"
"estimate," "expect," "intend," "will," "project," "seek," "should"
and similar expressions. We caution you that reliance on any
forward-looking statement involves risks and uncertainties, and
that although we believe that the assumptions on which our
forward-looking statements are based are reasonable, any of those
assumptions could prove to be inaccurate, and, as a result, the
forward-looking statements based on those assumptions could be
materially incorrect. These factors include but are not limited to
worldwide economic and business conditions; political or economic
instability in the jurisdictions where we have operations;
regulatory, legislative and judicial developments; our ability to
attract and retain clients technological innovation;
telecommunications or technology disruptions; future regulatory
actions and conditions in our operating areas; our dependence on a
limited number of clients in a limited number of industries; our
ability to expand our business or effectively manage growth; our
ability to hire and retain enough sufficiently trained employees to
support our operations; negative public reaction in the US or the
UK to offshore outsourcing; increasing competition in the BPO
industry; our ability to successfully grow our revenue, expand our
service offerings and market share and achieve accretive benefits
from our acquisition of Aviva Global Services Singapore Pte. Ltd.
(which we have renamed as WNS Customer Solutions (Singapore)
Private Limited following our acquisition), or Aviva Global, and
our master services agreement with Aviva Global Services
(Management Services) Private Limited; and our ability to
successfully consummate strategic acquisitions. These and other
factors are more fully discussed in our annual report on Form 20-F
for the fiscal year ended March 31, 2009 filed with the U.S.
Securities and Exchange Commission which is available at
www.sec.gov. In light of these and other uncertainties, you should
not conclude that we will necessarily achieve any plans, objectives
or projected financial results referred to in any of the
forward-looking statements. Except as required by law, we do not
undertake to release revisions of any of these forward-looking
statements to reflect future events or circumstances.
CONTACT: Investors: Alan Katz VP -- Investor Relations WNS
(Holdings) Limited +1 212 599-6960 ext. 241 Email Contact Media:
Deborah Kops Chief Marketing Officer WNS (Holdings) Limited + 1 703
321-6526 Email Contact
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