WNS Announces Departure of Senior Members of Management Team
March 29 2010 - 4:05PM
Marketwired
WNS (Holdings) Limited (WNS) (NYSE: WNS), a leading provider of
global business process outsourcing (BPO) services, today announced
the departure of two senior members of its management team, Ramesh
Shah and Anup Gupta, each of whom has decided to seek opportunities
outside WNS.
Ramesh Shah, who had stepped down as Chairman of the Board in
December 2009, has left WNS as of today, March 29, 2010. He has
also resigned as a director of WNS (Holdings) Ltd. with effect from
the same date. Gupta, formerly the Group Chief Operating Officer,
has left WNS as of March 26, 2010.
"As we bid Ramesh and Anup farewell, we acknowledge their
significant contributions over the years. We wish them the very
best in their future endeavors," said Keshav Murugesh, WNS Group
Chief Executive Officer.
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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