Anant Goenka appointed as interim MD of Zensar Tech

Anant Goenka appointed as interim MD of Zensar Tech: Zensar’s board member Anant Goenka has been appointed as interim managing director (MD) of the softwar e & Services Company, effective immediately, as CEO & MD Ajay Singh Bhutoria has experienced a health ailment. He has been appointed for a term up to the next annual general meeting of the company or 31 July 2023 whichever is earlier subject to requisite approvals.

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CEAT Ltd Managing Director Anant Goenka has been given additional responsibility of running Zensar, prompting some analysts and proxy advisory firms to question the succession plan at the country’s tenth largest IT services company.

“This is to inform you that the Board of Directors (Board) of the Company, in its meeting held today, has unanimously approved the appointment of Shri Anant Goenka as Interim, as per the recommendations of the Nomination and Remuneration Committee and the Audit Committee The Managing Director of the Company, effective immediately, as Ajay Singh Bhutoria, Chief Executive Officer and Managing Director, has experienced a health ailment and will be able to resume his normal activities only after recovering from the illness,” said Zensar said in a filing to the exchange on November 2.

Reason: As the present CEO Ajay Bhutoria is undergoing treatment for an undisclosed health condition. There would be no remuneration payable to Anant Goenka in his capacity as interim MD.