EXL Board of Directors Appoints Rohit Kapoor Board Chair; Announces other Board and Management Changes
April 03 2024 - 8:00AM
EXL [NASDAQ: EXLS], a leading data analytics and digital operations
and solutions company, today announced changes to its board of
directors and management structure to better position the company
for continued growth as it enhances its focus on data and AI. The
changes became effective April 1, 2024.
Rohit Kapoor has been appointed board chair, in addition to his
role as chief executive officer (CEO). Pandit, who currently serves
as board chair, will transition to lead independent director.
Kapoor has served as CEO since 2008 and board vice chair since
2012. Pandit has been a director of the company since 2018 and
board chair since 2022.
“Rohit has been an incredible leader for the company and
becoming chair is both a natural evolution of his responsibilities
and a reflection of the high degree of confidence the board has in
EXL’s strategic direction,” said Pandit.
Kapoor said, “I’m honored to be appointed chair, and I look
forward to working even more closely with the board at this
important juncture as EXL transforms to a data and AI-led company.
I would like to thank Vikram for his invaluable service as chair,
and I’m thrilled to be able to continue working with him in his
role as lead independent director.”
Vikas Bhalla and Vivek Jetley, who are currently executive vice
president and head of insurance and executive vice president and
head of analytics, respectively, have each been promoted to
president of EXL in addition to their current business head roles.
In their expanded roles, they will take on broader companywide
responsibilities, including supporting the board chair & CEO to
drive overall corporate performance and the adoption of our data
and AI-led solutions. Bhalla and Jetley will continue
to report to Kapoor.
“As EXL becomes the data and AI-led partner of choice for its
clients, it is important that we continually optimize our
leadership structure to execute on our strategic objectives,” said
Kapoor. “Vikas and Vivek are highly talented and strategic leaders
who have built strong sustainable growth businesses and have
created tremendous impact for EXL over the past two decades. I am
delighted that they are being recognized for their past
contributions and their ability to generate significant value at
EXL going forward.”
About EXLEXL (NASDAQ: EXLS) is a leading data
analytics and digital operations and solutions company.
We partner with clients using a data and AI-led approach to
reinvent business models, drive better business outcomes and unlock
growth with speed. EXL harnesses the power of data, analytics, AI,
and deep industry knowledge to transform operations for the world’s
leading corporations in industries including insurance, healthcare,
banking and financial services, media and retail, among others. EXL
was founded in 1999 with the core values of innovation,
collaboration, excellence, integrity and respect. We are
headquartered in New York and have more than 54,000
employees spanning six continents. For more information,
visit www.exlservice.com.
Cautionary Statement Regarding Forward-Looking
StatementsThis press release contains forward-looking
statements within the meaning of the United States Private
Securities Litigation Reform Act of 1995. You should not place
undue reliance on those statements because they are subject to
numerous uncertainties and factors relating to EXL's operations and
business environment, all of which are difficult to predict and
many of which are beyond EXL’s control. Forward-looking statements
include information concerning EXL’s possible or assumed future
results of operations, including descriptions of its business
strategy. These statements may include words such as “may,” “will,”
“should,” “believe,” “expect,” “anticipate,” “intend,” “plan,”
“estimate” or similar expressions. These statements are based on
assumptions that we have made in light of management's experience
in the industry as well as its perceptions of historical trends,
current conditions, expected future developments and other factors
it believes are appropriate under the circumstances. You should
understand that these statements are not guarantees of performance
or results. They involve known and unknown risks, uncertainties and
assumptions. Although EXL believes that these forward-looking
statements are based on reasonable assumptions, you should be aware
that many factors could affect EXL’s actual financial results or
results of operations and could cause actual results to differ
materially from those in the forward-looking statements. These
factors, which include our ability to maintain and grow client
demand, our ability to hire and retain sufficiently trained
employees, and our ability to accurately estimate and/or manage
costs, rising interest rates, rising inflation and recessionary
economic trends, are discussed in more detail in EXL’s filings with
the Securities and Exchange Commission, including EXL’s Annual
Report on Form 10-K. You should keep in mind that any
forward-looking statement made herein, or elsewhere, speaks only as
of the date on which it is made. New risks and uncertainties come
up from time to time, and it is impossible to predict these events
or how they may affect EXL. EXL has no obligation to update any
forward-looking statements after the date hereof, except as
required by federal securities laws.
© 2024 ExlService Holdings, Inc. All rights reserved.
For more information go
to www.exlservice.com/legal-disclaimer
ContactsMedia Keith Little+1
703-598-0980 media.relations@exlservice.com
Investor RelationsJohn Kristoff+1 212 209
4613IR@exlservice.com
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