K Krithivasan, 59, will have a five-year term as the chief executive of Tata Consultancy Services Ltd when he starts in September, outgoing CEO Rajesh Gopinathan said, dispelling investors' concerns about a potential short tenure for his successor as the head of India's largest software services company.
"In TCS, the retirement age for executive directors is 65 years. So he (Krithivasan) will easily have six years. And appointments are always for five-year terms," Gopinathan told reporters on Friday. "See, when I took over, your question was if I was way too young. Now, when Krithi is taking over, your question is if he is too old. Those kinds of questions will keep coming up, but our board and NRC (nomination and remuneration committee) looked at a complete set of candidates and in the current situation, (depending on) what is required and what is the best fit, the unanimous choice was that Krithi is the best person for the job."
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