iGate chief executive Ashok Vemuri elevated to Capgemini’s group management board

BENGALURU: iGate chief executive Ashok Vemuri has been elevated to Capgemini’s highest executive decision making body, months after the Paris-based IT services giant bought the Fremont, California-based outsourcing firm for $4 billion.

According to two people familiar with the development, Vemuri is now part of Capgemini’s group management board, which also includes 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 Aiman Ezzat and people management and transformation head Hubert Giraud.

Capgemini confirmed Vemuri’s new role within the company.

“We can confirm that Ashok Vemuri has joined Capgemini s GMB (Group Management Board),” a Capgemini spokeswoman said in an email.

Other top iGate executives have also been given new roles -- human resources head Srinivas Kandula is now leading the integration with Capgemini from iGate’s side, the people mentioned above said.

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 Royal Bank of Canada.

Under the terms of the deal, CapGemini has offered $48 for every iGate share.