Shiv Nadar steps down as HCL Tech MD, named Chairman Emeritus

His daughter Roshni succeeded him.
Shiv Nadar to take on the role of Chairman Emeritus.
New Delhi: Shiv Nadar, a pioneer in the Indian IT sector, has stepped down as the managing director and board member of HCL Technologies, a year after handing over the reins of the IT major to his daughter, Roshni Nadar Malhotra.
In July last year, Nadar had stepped down from the chairman's role and Roshni succeeded him, becoming the first woman to chair a listed Indian IT firm.
The company has appointed C Vijayakumar, president and CEO of the company, as the managing director with a title of CEO and MD for a term of five years with effect from July 20.

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