iGate CEO Ashok Vemuri now in Capgemini’s management board
BI India BureauJul 27, 2015, 05.24 PM
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The decision to promote Vemuri comes months after the Paris-based IT services giant bought the Fremont, California-based outsourcing firm for $4 billion, reported the Economic Times.
According to two people familiar with the move, Vemuri is part of the board along with other top executives such as chairman and chief executive Paul Hermelin; deputy CEO Salil Parekh; consulting and BPO head Olivier Sevillia; infrastructure services business Patrick Nicolet; group CFO
A Capgemini spokeswoman confirmed the development in an email to the financial daily: "We can confirm that Ashok Vemuri has joined Capgemini’s GMB (Group Management Board)."
In April, CapGemini said it would buy iGate, which has most of its operations and employees in India, for $4 billion in cash to create an entity with a combined revenue of about $14 billion to gain access to the world's largest technology market, North America, and some of iGate's customers like General Electric and