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HCL Technologies announces new Chief Financial Officer

Posted On: 2018-09-07 12:10:45

HCL Technologies Limited (NSE: HCLTECH; BSE: 532281), a leading global technology company today announced the appointment of its new Chief Financial Officer Prateek Aggarwal with effect from 1st October 2018.

The Company constituted a Committee of the Board to review internal and external candidates and selected Prateek Aggarwal as a successor to the present Chief Financial Officer Anil Chanana. Anil would step down as the Chief Financial Officer with effect from 1st October, 2018 and would retire from the Company on 31st December 2018.

On the leadership change, Shiv Nadar, Founder and Chairman, HCL & Shiv Nadar Foundation said "Prateek has been a key leader at HCL Technologies and has led various strategic initiatives driving the business growth over the years. I wish him all the very best in the elevated role. I would also like to thank Anil for his significant contribution to HCL for well over the three decades".

"Prateek re-joined HCL Technologies in 2012 and served across several leadership roles over the past 6 years. He played a pivotal role in shaping our Mode 3 strategy and scaling our Products & Platforms business in the recent years. His financial acumen and broad industry experience will be very valuable as we continue to execute on our transformation roadmap and Mode 1-2-3 growth strategy over the coming years" said C Vijayakumar, President & CEO, HCL Technologies.

"I am thankful to the HCL Technologies Board and humbled by the trust and confidence placed in me. As we continue to propel forward with industry leading growth, the role of Finance becomes even more strategic and I look forward to working closely with Vijay and the team in our journey to sustain and enhance stakeholder value," said Prateek Aggarwal Prateek Aggarwal is a graduate in Commerce from SRCC, Delhi and holds a MBA from IIM, Calcutta. Prateek has over 27 years of industry experience in finance, including stints in Hindustan Unilever, GECIS/Genpact amongst others. This is his second innings in HCL Technologies, running close to 6 years now, the first one being in 2005-2008.

Shares of HCL TECHNOLOGIES LTD. was last trading in BSE at Rs.1086.1 as compared to the previous close of Rs. 1076.65. The total number of shares traded during the day was 135138 in over 5458 trades.

The stock hit an intraday high of Rs. 1089 and intraday low of 1066.25. The net turnover during the day was Rs. 146304612.

Source: Equity Bulls

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