Hexaware Shares Fall on CEO Exit
Hexaware shares dropped after CEO Srikrishna Ramakarthikeyan resigned. The company appointed Vivek Jetley as his replacement as analysts warn of execution risks.
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Hexaware Technologies Ltd shares fell 3.7% in Thursday morning trade after CEO Srikrishna Ramakarthikeyan resigned. The abrupt departure casts uncertainty over the India-based IT services firm's ongoing growth recovery.
The leadership change arrives as the company navigates broader macroeconomic pressures across the IT sector. Hexaware named Vivek Jetley, a senior executive from Nasdaq-listed ExlService Holdings Inc, as the incoming CEO effective October 28.
