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Grid Dynamics to Appoint Rajeev Sharma Managing Partner of APAC and Promote Dr. Eugene Steinberg to Chief Technology Officer

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Grid Dynamics (NASDAQ: GDYN) announced key executive appointments effective April 1, 2025. Rajeev Sharma, current CTO, will become Managing Partner of APAC to drive regional expansion and strategic initiatives across Asia-Pacific. Dr. Eugene Steinberg, currently Distinguished Technical Fellow, will be promoted to Chief Technology Officer.

Under Sharma's CTO leadership since 2021, Grid Dynamics achieved over 100 AI implementations and increased partnership-driven revenue to 18% of total revenue. He was instrumental in expanding operations into India, now one of the company's top three delivery locations.

Dr. Steinberg, a founding engineer at Grid Dynamics, brings expertise in AI, machine learning, and scalable distributed systems. These appointments align with the company's GigaCube growth strategy, focusing on geo-scalability, innovation, and industry expansion.

Grid Dynamics (NASDAQ: GDYN) ha annunciato importanti nomine esecutive che entreranno in vigore il 1 aprile 2025. Rajeev Sharma, attuale CTO, diventerà Managing Partner per l'APAC per guidare l'espansione regionale e le iniziative strategiche in tutta l'Asia-Pacifico. Dr. Eugene Steinberg, attualmente Distinguished Technical Fellow, sarà promosso a Chief Technology Officer.

Sotto la leadership di Sharma come CTO dal 2021, Grid Dynamics ha raggiunto oltre 100 implementazioni di AI e ha aumentato il fatturato derivante da partnership al 18% del fatturato totale. È stato fondamentale per espandere le operazioni in India, ora uno dei primi tre luoghi di consegna dell'azienda.

Dr. Steinberg, ingegnere fondatore di Grid Dynamics, porta con sé competenze in AI, apprendimento automatico e sistemi distribuiti scalabili. Queste nomine sono in linea con la strategia di crescita GigaCube dell'azienda, focalizzandosi sulla geo-scalabilità, innovazione ed espansione industriale.

Grid Dynamics (NASDAQ: GDYN) anunció nombramientos ejecutivos clave que entrarán en vigor el 1 de abril de 2025. Rajeev Sharma, actual CTO, se convertirá en Socio Gerente de APAC para impulsar la expansión regional y las iniciativas estratégicas en toda Asia-Pacífico. Dr. Eugene Steinberg, actualmente Distinguished Technical Fellow, será promovido a Chief Technology Officer.

Bajo el liderazgo de Sharma como CTO desde 2021, Grid Dynamics logró más de 100 implementaciones de IA y aumentó los ingresos impulsados por asociaciones al 18% de los ingresos totales. Fue fundamental para expandir las operaciones en India, que ahora es uno de los tres principales lugares de entrega de la empresa.

El Dr. Steinberg, ingeniero fundador de Grid Dynamics, aporta experiencia en IA, aprendizaje automático y sistemas distribuidos escalables. Estos nombramientos están alineados con la estrategia de crecimiento GigaCube de la empresa, centrada en la geo-escalabilidad, la innovación y la expansión industrial.

Grid Dynamics (NASDAQ: GDYN)는 2025년 4월 1일부터 시행될 주요 임원 인사를 발표했습니다. Rajeev Sharma 현 CTO는 아시아 태평양 지역의 관리 파트너가 되어 지역 확장 및 전략적 이니셔티브를 추진할 것입니다. Dr. Eugene Steinberg는 현재 Distinguished Technical Fellow로서 Chief Technology Officer로 승진할 것입니다.

2021년부터 Sharma가 CTO로 재직하는 동안 Grid Dynamics는 100건 이상의 AI 구현을 달성하고 파트너십 기반 수익을 전체 수익의 18%로 증가시켰습니다. 그는 현재 회사의 주요 세 배송 장소 중 하나인 인도로의 운영 확장에 중요한 역할을 했습니다.

Dr. Steinberg는 Grid Dynamics의 창립 엔지니어로, AI, 기계 학습 및 확장 가능한 분산 시스템에 대한 전문 지식을 가지고 있습니다. 이러한 임명은 회사의 GigaCube 성장 전략과 일치하며, 지리적 확장성, 혁신 및 산업 확장에 중점을 두고 있습니다.

Grid Dynamics (NASDAQ: GDYN) a annoncé des nominations exécutives clés qui entreront en vigueur le 1er avril 2025. Rajeev Sharma, actuel CTO, deviendra Associé Gérant pour l'APAC afin de favoriser l'expansion régionale et les initiatives stratégiques dans toute la région Asie-Pacifique. Dr. Eugene Steinberg, actuellement Distinguished Technical Fellow, sera promu au poste de Chief Technology Officer.

Depuis que Sharma est CTO depuis 2021, Grid Dynamics a réalisé plus de 100 mises en œuvre d'IA et a augmenté les revenus générés par les partenariats à 18 % du chiffre d'affaires total. Il a joué un rôle clé dans l'expansion des opérations en Inde, qui est désormais l'un des trois principaux lieux de livraison de l'entreprise.

Le Dr. Steinberg, ingénieur fondateur de Grid Dynamics, apporte son expertise en IA, apprentissage automatique et systèmes distribués évolutifs. Ces nominations s'inscrivent dans la stratégie de croissance GigaCube de l'entreprise, axée sur la géo-scalabilité, l'innovation et l'expansion industrielle.

Grid Dynamics (NASDAQ: GDYN) gab wichtige Ernennungen von Führungskräften bekannt, die am 1. April 2025 in Kraft treten. Rajeev Sharma, derzeit CTO, wird Managing Partner für APAC, um die regionale Expansion und strategische Initiativen in der Asien-Pazifik-Region voranzutreiben. Dr. Eugene Steinberg, derzeit Distinguished Technical Fellow, wird zum Chief Technology Officer befördert.

Unter Sharmas Führung als CTO seit 2021 hat Grid Dynamics über 100 AI-Implementierungen erreicht und den durch Partnerschaften erzielten Umsatz auf 18% des Gesamtumsatzes gesteigert. Er spielte eine entscheidende Rolle bei der Expansion der Geschäftstätigkeiten nach Indien, das nun zu den drei wichtigsten Lieferstandorten des Unternehmens gehört.

Dr. Steinberg, Gründungsingenieur bei Grid Dynamics, bringt Fachwissen in den Bereichen KI, maschinelles Lernen und skalierbare verteilte Systeme mit. Diese Ernennungen stehen im Einklang mit der Wachstumsstrategie GigaCube des Unternehmens, die sich auf Geo-Skalierbarkeit, Innovation und Branchenerweiterung konzentriert.

Positive
  • Successful track record: Over 100 AI implementations completed
  • Partnership revenue growth to 18% of total revenue
  • India expansion success - now among top 3 delivery locations
  • Strategic leadership restructuring aligned with growth strategy
Negative
  • None.

Key Takeaways:

  • Grid Dynamics announces two key executive appointments effective April 1, 2025.
  • Rajeev Sharma, current CTO, will be appointed as Managing Partner of APAC to drive regional expansion, engineering excellence, M&A, and strategic partnerships across the Asia-Pacific region.
  • Dr. Eugene Steinberg, Distinguished Technical Fellow, will become Chief Technology Officer, leading AI innovation and advanced technology solutions.
  • Strategic leadership appointments to strengthen execution of Grid Dynamics' GigaCube growth strategy.

SAN RAMON, Calif.--(BUSINESS WIRE)-- Grid Dynamics Holdings, Inc. (Nasdaq: GDYN) (Grid Dynamics), a leading provider of technology consulting, platform and product engineering, AI, and digital engagement services, today announced leadership transitions aimed at expanding its global footprint and accelerating technology innovation. Effective April 1, 2025, Dr. Eugene Steinberg will be promoted to Chief Technology Officer (CTO), while Rajeev Sharma, the current CTO, will assume the responsibilities of Managing Partner (MP) of APAC.

A founding engineer at Grid Dynamics and most recently serving as Distinguished Technical Fellow, Dr. Steinberg brings extensive expertise in artificial intelligence, machine learning, information retrieval, and scalable distributed systems to his new role. Throughout his tenure at Grid Dynamics, Dr. Steinberg has been instrumental in conceiving and scaling the company's technology practices, leading mission-critical transformation programs for Fortune 1000 clients while pioneering breakthrough solutions in AI, search, and cloud-native platform development. His leadership has been crucial in establishing Grid Dynamics as a technical powerhouse in digital transformation.

"I am deeply humbled and honored to lead Grid Dynamics’ exceptional technology team," said Dr. Steinberg. "It's an extraordinary time to drive our innovation strategy forward, as AI and advanced digital solutions are reshaping entire industries. I've seen firsthand how well-architected systems, engineering brilliance and dedication can transform challenges into breakthroughs within months, not years. I am committed to furthering the spirit of innovation and technical excellence that has distinguished Grid Dynamics, while expanding our capabilities in AI and platform engineering to deliver real, measurable impact for our clients."

In his new role as MP of APAC, Mr. Sharma will oversee business expansion, engineering excellence, M&A, and strategic partnerships across the Asia-Pacific region. As Grid Dynamics' CTO since 2021, he has driven significant technological advancements, including expanding the company's AI capabilities and strengthening partnerships with major hyperscalers. He played an instrumental role in spearheading Grid Dynamics' expansion into India, which has grown to become one of Grid Dynamics' top three delivery locations. Under his technology leadership, Grid Dynamics has achieved over 100 successful AI implementations and increased partnership-driven revenue to 18% of total revenue.

"The APAC region, particularly India, has emerged as a strategic hub for global digital transformation, with its deep talent pool and growing ecosystem of Global Capability Centers," said Mr. Sharma. "Having led large-scale technology transformations for Fortune 1000 clients and overseen our successful entry into India, I anticipate tremendous opportunity to accelerate Grid Dynamics' growth in the region while maintaining our high standards of engineering excellence. My focus will be on expanding our technical capabilities, fostering strategic partnerships, and identifying targeted M&A opportunities that strengthen our position in key markets."

These leadership changes reflect Grid Dynamics’ commitment to GigaCube, the company’s growth strategy that emphasizes three pillars: geo-scalability, innovation, and industry expansion. With Dr. Steinberg at the helm of Grid Dynamics’ technology portfolio and Mr. Sharma leading APAC expansion, the company is positioned to unlock new value for investors and deliver innovative services to global clients across diverse industries.

"Positioning Dr. Steinberg and Mr. Sharma in these strategic roles sets the stage for a powerful blend of continued technical innovation and further expanding our global reach," said Leonard Livschitz, CEO of Grid Dynamics. "Eugene's technical mastery and leadership unite teams and drive transformative outcomes, and Rajeev's record of orchestrating large-scale change is equally impressive. With this alignment, we reaffirm our commitment to delivering enduring success for our clients and investors."

About Grid Dynamics

Grid Dynamics (Nasdaq: GDYN) is a leading provider of technology consulting, platform and product engineering, AI, and digital engagement services. Fusing technical vision with business acumen, we solve the most pressing technical challenges and enable positive business outcomes for enterprise companies undergoing business transformation. A key differentiator for Grid Dynamics is our 8 years of experience and leadership in enterprise AI, supported by profound expertise and ongoing investment in data and ML platform engineering, cloud platform and product engineering, IoT and edge computing, and digital engagement services. Founded in 2006, Grid Dynamics is headquartered in Silicon Valley with offices across the Americas, Europe, and India. Follow us on LinkedIn.

Forward-Looking Statements

This communication contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 that are not historical facts, and involve risks and uncertainties that could cause actual results of Grid Dynamics to differ materially from those expected and projected. These forward-looking statements can be identified by the use of forward-looking terminology, including the words “believes,” “estimates,” “anticipates,” “expects,” “intends,” “plans,” “may,” “will,” “potential,” “projects,” “predicts,” “continue,” or “should,” or, in each case, their negative or other variations or comparable terminology. These forward-looking statements include, without limitation, quotations and statements regarding the expected benefits of our capabilities and our company’s future growth including with customers and GigaCube strategy.

These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results. Most of these factors are outside Grid Dynamics’ control and are difficult to predict. Factors that may cause such differences include, but are not limited to our ability to achieve its expected benefits, as well as any factors limiting our capabilities, the benefits of our services and products, and our company’s growth strategy.

Grid Dynamics cautions that the foregoing list of factors is not exclusive. Grid Dynamics cautions readers not to place undue reliance upon any forward-looking statements, which speak only as of the date made. Grid Dynamics does not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in its expectations or any change in events, conditions or circumstances on which any such statement is based. Further information about factors that could materially affect Grid Dynamics, including its results of operations and financial condition, is set forth under the “Risk Factors” section of the Company’s annual report on Form 10-K filed February 27, 2025, and in other periodic filings Grid Dynamics makes with the SEC.

Media Contact:

Cary Savas

+1 (650) 523 5000

csavas@griddynamics.com

Source: Grid Dynamics Holdings, Inc.

FAQ

What are the key executive changes announced by Grid Dynamics (GDYN) for 2025?

Effective April 1, 2025, Rajeev Sharma will become Managing Partner of APAC, while Dr. Eugene Steinberg will be promoted to Chief Technology Officer.

What achievements did Rajeev Sharma accomplish as CTO of Grid Dynamics (GDYN)?

As CTO since 2021, Sharma led over 100 AI implementations, increased partnership revenue to 18%, and spearheaded expansion into India.

How does Grid Dynamics (GDYN) plan to expand in the APAC region?

Through Rajeev Sharma's leadership as Managing Partner, focusing on business expansion, engineering excellence, M&A, and strategic partnerships.

What is Dr. Eugene Steinberg's background at Grid Dynamics (GDYN)?

Dr. Steinberg is a founding engineer who served as Distinguished Technical Fellow, with expertise in AI, machine learning, and scalable distributed systems.

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