Tech Mahindra, the IT services firm, has appointed former Infosys president Mohit Joshi as its managing director and CEO. Joshi will take over the reins from C.P. Gurnani after his retirement on December 19 this year.

The announcement follows the resignation of Joshi from Infosys where he was head of the global financial services and software businesses, which included Finacle (Infosys’s banking platform) and the artificial intelligence and automation portfolio.

Joshi had joined the Bangalore-based firm in 2000 and subsequently worked in different capacities for the company. In his previous role, he was responsible for leading the financial services business in Europe.

In 2007, he was appointed as CEO of Infosys Mexico and was instrumental in setting up the first subsidiary in Latin America. He also led sales operations and transformation for Infosys and executive responsibility for all large deals across the company.

He was also responsible for the company’s internal CIO function and the Infosys Knowledge Institute. Joshi is also a non-executive director at Aviva Plc since 2020.

He previously worked with ABN AMRO and ANZ Grindlays in their corporate and investment bank. He holds a MBA from the Faculty of Management Studies, Delhi, and a Bachelor’s degree in history from St. Stephen’s College, Delhi.

A statement from Tech Mahindra said that Mohit will take after Gurnani retires on December 19.

It added that Joshi will join Tech Mahindra well before that date to allow for sufficient transition time.

Infosys separately said in a regulatory filing said that Joshi has resigned from the company.

He will be on leave effective from March 11 and his last date with the company would be June 9.

Gurnani has been one of the longest serving chief executive officers of the Indian IT sector. He had joined Tech Mahindra in 2004 and later spearheaded the takeover of scam-ridden Satyam Computers and its merger with the company.

He has been the MD and CEO of Tech Mahindra since June 2009.

Tech Mahindra Nomination and Remuneration Committee (NRC) chairperson T.N. Manoharan said that Joshi’s appointment is the successful culmination of a rigorous selection process during which the NRC evaluated a number of internal and external candidates.