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Business News/ Companies / People/  HCL Infosystems MD and CEO Harshavardhan Madhav Chitale resigns
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HCL Infosystems MD and CEO Harshavardhan Madhav Chitale resigns

The company has appointed executive vice-chairman Premkumar Seshadri as MD, effective 1 January 2015

Harshavardhan Chitale has also resigned as director of HCL Infosystems, a listed subsidiary of HCL Enterprise, the company informed BSE on Monday. Photo: Ramesh Pathania/MintPremium
Harshavardhan Chitale has also resigned as director of HCL Infosystems, a listed subsidiary of HCL Enterprise, the company informed BSE on Monday. Photo: Ramesh Pathania/Mint

New Delhi: HCL Infosystems Ltd’s managing director and chief executive officer Harshavardhan Madhav Chitale has resigned, effective close of business hours on 31 December. The company has appointed executive vice-chairman Premkumar Seshadri as MD, effective 1 January 2015. He will serve in both positions from the new year.

Chitale has also resigned as director of HCL Infosystems, a listed subsidiary of HCL Enterprise, the company informed BSE on Monday.

Seshadri was named executive vice-chairman of the company in September this year. He has been a non-executive director on the HCL Infosystems board since March 2014.

At 12:12pm on Monday, shares of HCL Infosystems fell 5.09% to 61.50, while the benchmark Sensex index fell 0.28% to 28,378.59 points.

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Published: 08 Dec 2014, 02:18 PM IST
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