New Boss Named at TCS

In a long-anticipated move, India's biggest software exporter Tata Consultancy Services (TCS) has chosen N. Chandrasekaran, chief operating officer and executive director, to take over from S. Ramadorai as CEO. Mr. Ramadorai, whose term as CEO and MD comes to an end in August 8, will receive an extension up to October 5, 2009 when he completes 65 years of age.

Mr. Chandrasekaran, popularly known as Chandra, will officially take charge as CEO on October 6, subject to shareholder approval. He will be one of the youngest CEOs, along with Francisco D'Souza of Cognizant Technology Solutions, to head a top Indian IT firm at 45 years of age. Under his leadership, TCS could become a more aggressive player and take some bold steps, according to those familiar with his style of working.