India's largest IT services provider Tata Consultancy Services (TCS) said on Thursday Rajesh Gopinathan will resign as chief executive officer, just a year into his second five-year term at the helm of the company.
Tata Consultancy Services Chief Executive Officer Rajesh Gopinathan speaks during a news conference announcing the company's quarterly results in Mumbai, India, July 13, 2017. REUTERS/Danish Siddiquisaid on Thursday Rajesh Gopinathan will resign as chief executive officer, just a year into his second five-year term at the helm of the company.
The move comes as the Indian IT industry faces a challenging macroeconomic environment in its key markets of Europe and the United States while also coming under renewed focus because of its big exposure to the U.S. banking sector, which is currently experiencing a financial crisis.
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