Tuesday, 23 April 2024
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EXL announces leadership restructuring, Kapoor to chair By Investing.com

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NEW YORK – EXL (NASDAQ: EXLS), a company specializing in data analytics and digital operations, has announced a restructuring of its board of directors and executive management. The changes, effective April 1, 2024, aim to strengthen the company’s focus on data and artificial intelligence (AI) as it positions itself for further growth.

Rohit Kapoor, who has been the CEO since 2008 and served as board vice chair since 2012, will now also assume the role of board chair. The outgoing board chair, Vikram Pandit, who became a director in 2018 and chair in 2022, will transition to the position of lead independent director. Pandit expressed strong confidence in Kapoor’s leadership and the strategic direction of EXL.

Additionally, EXL has promoted Vikas Bhalla and Vivek Jetley to the positions of president. Both have been with the company for over two decades, previously holding the roles of executive vice president and head of insurance, and executive vice president and head of analytics, respectively. In their new roles, they will maintain their current responsibilities and take on broader tasks to support corporate performance and the adoption of data and AI solutions.

Kapoor praised Bhalla and Jetley for their significant contributions to the company’s growth and their potential to drive value in their new positions. The promotions reflect EXL’s commitment to optimizing its leadership to achieve strategic objectives.

EXL, headquartered in New York, was founded in 1999 and employs more than 54,000 people across six continents. It partners with clients in various industries, including insurance, healthcare, banking, financial services, media, and retail, to drive business outcomes using a data and AI-led approach.

This announcement is based on a press release statement and contains forward-looking statements subject to uncertainties and factors that could affect the company’s actual results. These include the ability to maintain client demand, retain trained employees, manage costs effectively, and economic conditions such as interest rates, inflation, and economic trends.

InvestingPro Insights

As EXL (NASDAQ: EXLS) embarks on a strategic realignment of its leadership, the company’s financial metrics and analyst insights suggest a stable foundation for growth. EXL’s market capitalization stands at a solid $5.12 billion, reflecting the market’s confidence in its business model and future prospects. The company’s price-to-earnings (P/E) ratio, a key indicator of…

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