WNS Switches CFOs

Before you go, we thought you'd like these...
Before you go close icon

Mumbai, India-based WNS (Holdings) Ltd. switched CFOs this morning.

On Wednesday, WNS announced that Mr. Deepak Sogani has stepped down from his post as the company's chief financial officer "for personal reasons." He was immediately replaced by WNS's corporate senior vice president for finance, Sanjay Puria, a certified public accountant and chartered accountant who has been with the company for three years, and who has been working in what is colloquially known as the "Indian offshoring" industry for the past 10 years.

In a statement welcoming Puria aboard, WNS CEO Mr. Keshav R. Murugesh reassured investors: "We remain excited about our positioning and business momentum, and are confident in the financial and operational strength of the organization."

As is common with companies incorporated outside the U.S., details on Puria's compensation scheme were not disclosed with the SEC in connection with this announcement. 

The article WNS Switches CFOs originally appeared on Fool.com.

Fool contributor Rich Smith and The Motley Fool have no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Read Full Story

People are Reading