Mastech Digital Names Nirav Patel as President and Chief Executive Officer and Member of the Board
Mastech Digital (NYSE-American: MHH) has appointed Nirav Patel as its new President, CEO, and Board Member, effective January 6, 2025. Patel, who brings over 20 years of technology executive experience, succeeds Vivek Gupta, who is stepping down after leading the company since 2016. Patel previously served as President and CEO of Bristlecone, where he transformed it into the industry's largest pure-play supply chain services provider. Before that, as Senior VP at Cognizant, he scaled the Communications, Media, and Technology business to over $2 billion in annual revenue. Under Gupta's 9-year leadership, Mastech Digital transformed from an IT staffing company to a technology solutions organization, notably through the acquisition of InfoTrellis's services business.
Mastech Digital (NYSE-American: MHH) ha nominato Nirav Patel come suo nuovo Presidente, CEO e Membro del Consiglio, a partire dal 6 gennaio 2025. Patel, che porta con sé oltre 20 anni di esperienza come dirigente nel settore tecnologico, succede a Vivek Gupta, che si dimette dopo aver guidato l'azienda dal 2016. Patel ha precedentemente ricoperto il ruolo di Presidente e CEO di Bristlecone, dove l'ha trasformata nel principale fornitore di servizi della catena di approvvigionamento del settore. Prima di ciò, come Vicepresidente senior di Cognizant, ha fatto crescere il business delle Comunicazioni, dei Media e della Tecnologia a oltre 2 miliardi di dollari di fatturato annuale. Sotto la guida di Gupta, durata 9 anni, Mastech Digital si è trasformata da un'azienda di staffing IT in un'organizzazione di soluzioni tecnologiche, in particolare attraverso l'acquisizione del business dei servizi di InfoTrellis.
Mastech Digital (NYSE-American: MHH) ha nombrado a Nirav Patel como su nuevo Presidente, CEO y Miembro de la Junta, a partir del 6 de enero de 2025. Patel, que aporta más de 20 años de experiencia ejecutiva en tecnología, sucede a Vivek Gupta, quien renuncia tras liderar la compañía desde 2016. Patel anteriormente se desempeñó como Presidente y CEO de Bristlecone, donde la transformó en el mayor proveedor de servicios de la cadena de suministro del sector. Antes de eso, como Vicepresidente Senior en Cognizant, escaló el negocio de Comunicaciones, Medios y Tecnología a más de 2 mil millones de dólares en ingresos anuales. Bajo el liderazgo de Gupta durante 9 años, Mastech Digital se transformó de una empresa de personal de TI a una organización de soluciones tecnológicas, notablemente a través de la adquisición del negocio de servicios de InfoTrellis.
Mastech Digital (NYSE-American: MHH)는 Nirav Patel을 2025년 1월 6일부터 새로운 사장, CEO 및 이사로 임명했습니다. 20년 이상의 기술 경영진 경험을 가진 Patel은 2016년부터 회사를 이끌어온 Vivek Gupta의 후임으로 임명되었습니다. Patel은 이전에 Bristlecone의 사장 및 CEO로 재직하며 회사를 업계 최대의 순수 공급망 서비스 제공업체로 변화시켰습니다. 그 이전에는 Cognizant의 수석 부사장으로서 통신, 미디어 및 기술 사업을 연 매출 20억 달러 이상으로 성장시켰습니다. Gupta의 9년간 리더십 하에 Mastech Digital은 IT 인력 회사에서 기술 솔루션 조직으로 변화했으며, 특히 InfoTrellis의 서비스 비즈니스 인수 통해 이러한 변화를 이루었습니다.
Mastech Digital (NYSE-American: MHH) a nommé Nirav Patel comme nouveau Président, CEO et Membre du Conseil, à compter du 6 janvier 2025. Patel, qui apporte plus de 20 ans d'expérience en tant qu'exécutif dans le domaine de la technologie, succède à Vivek Gupta, qui démissionne après avoir dirigé l'entreprise depuis 2016. Patel a précédemment occupé le poste de Président et CEO chez Bristlecone, où il l'a transformée en plus grand fournisseur de services de chaîne d'approvisionnement du secteur. Avant cela, en tant que Vice-président senior chez Cognizant, il a développé l'activité Communication, Médias et Technologie à plus de 2 milliards de dollars de revenus annuels. Sous la direction de Gupta pendant 9 ans, Mastech Digital s'est transformée d'une entreprise de staffing IT en une organisation de solutions technologiques, notamment grâce à l'acquisition de l'activité de services d'InfoTrellis.
Mastech Digital (NYSE-American: MHH) hat Nirav Patel mit Wirkung zum 6. Januar 2025 zu seinem neuen Präsidenten, CEO und Vorstandsmitglied ernannt. Patel bringt über 20 Jahre Erfahrung als technischer Geschäftsführer mit und folgt auf Vivek Gupta, der nach der Leitung des Unternehmens seit 2016 zurücktritt. Patel war zuvor Präsident und CEO von Bristlecone, wo er das Unternehmen in den größten Anbieter von reinen Lieferketten-Dienstleistungen der Branche umgewandelt hat. Zuvor hat er als Senior VP bei Cognizant das Geschäft in den Bereichen Kommunikation, Medien und Technologie auf über 2 Milliarden Dollar Jahresumsatz ausgebaut. Unter der 9-jährigen Führung von Gupta hat sich Mastech Digital von einem IT-Personalunternehmen zu einer Technologie-Lösungsorganisation gewandelt, insbesondere durch die Übernahme des Servicegeschäfts von InfoTrellis.
- New CEO brings proven track record of scaling multibillion-dollar businesses
- Previous success in transforming Bristlecone into industry's largest supply chain services provider
- Demonstrated ability to drive significant revenue growth (scaled business to $2B+ at Cognizant)
- Strategic focus on high-growth AI and digital transformation services
- Leadership transition period could create temporary operational uncertainty
- Departure of long-term CEO who led successful company transformation
Insights
The appointment of Nirav Patel as CEO, while a significant leadership change, is likely to have a neutral immediate impact on Mastech Digital's business trajectory. His background in scaling multibillion-dollar businesses at Bristlecone and Cognizant, particularly in AI and digital transformation, aligns well with Mastech's strategic direction. However, the extended transition period until January 2025 and overlap with outgoing CEO Vivek Gupta until February 2025 suggests a careful, measured leadership handover rather than an urgent strategic pivot.
The outgoing CEO's successful transformation of Mastech from IT staffing to digital solutions, coupled with recent strong quarterly results, indicates a company in stable condition rather than one requiring immediate turnaround. Patel's expertise in data, AI and digital services positions him well to build upon this foundation, but meaningful impact will likely take time to materialize.
Nirav Patel will join Mastech Digital on January 6, 2025. Vivek Gupta to Step Down as President and CEO and Director of the Board After 9 Years of Leadership.
Nirav Patel's Appointment as President and CEO
Nirav Patel brings over 20 years of experience as a seasoned technology executive with a proven track record of scaling multibillion-dollar businesses. Most recently, Patel served as President and CEO of Bristlecone, a Mahindra Group company specializing in digital supply chain transformation. During his tenure, Patel transformed Bristlecone into the industry's largest pure-play supply chain services provider, driving significant growth, expanding its global workforce to over 3,000 associates, and leveraging data and AI to deliver innovative solutions.
Patel has held several prominent leadership roles throughout his career. Before serving as President and CEO of Bristlecone, Patel was Senior Vice President and Global Markets Leader at Cognizant, where he scaled the Communications, Media, and Technology business to over
The Board of Directors expressed its enthusiasm about Patel's appointment.
"We are thrilled to welcome Nirav to Mastech Digital," said Sunil Wadhwani and Ashok Trivedi, Co-Chairmen of Mastech Digital's Board of Directors. "Nirav is a highly accomplished leader with extensive experience in technology services and a strong track record of driving growth and innovation. His expertise in data and AI-driven transformation aligns perfectly with our strategic priorities. We are confident that Nirav will help Mastech Digital attain a leadership position in the growing AI, data and digital engineering segments of the technology market and enhance shareholder value."
Patel expressed his excitement to join Mastech Digital, stating:
"I am deeply honored to join Mastech Digital as its President and Chief Executive Officer and Board Member. The company has built a strong foundation with its talented employees, loyal customers, and trusted partners. With the global demand for technology talent and digital transformation services accelerating rapidly, Mastech Digital is uniquely positioned to lead in this evolving market. I look forward to collaborating with the team to transform the company into a full-scale, Data and AI-led technology services leader, creating exceptional value for our clients, partners, and shareholders."
Vivek Gupta steps down after 9 years of leadership
Vivek Gupta has been instrumental in leading Mastech Digital's transformation from a pure-play IT staffing company to a robust technology-focused solutions organization. Under Gupta's leadership, the company expanded into the digital transformation space with the acquisition of InfoTrellis, Inc.'s services business, enhanced the quality of revenues and significantly improved the Company's gross margin profile. Gupta leaves behind a strong foundation with an accelerating growth trajectory for the company's next chapter of shareholder value creation.
"On behalf of the Board and the entire Mastech Digital team, we want to thank Vivek for his leadership and the immense value of all the contributions he has brought during his long tenure with the company," said Sunil Wadhwani and Ashok Trivedi, Co-Chairmen of the Board of Directors. "We wish him the very best in his future endeavors."
"It has been a fun ride at Mastech Digital wherein I have enjoyed every minute of my nine years at the helm. The company has delivered excellent results in the last many quarters, and I am confident that the positive momentum will continue for the foreseeable future," said Vivek Gupta.
Vivek's last day with Mastech Digital will be February 28, 2025, which coincidentally is his 9th work anniversary with the Company.
About Mastech Digital
Mastech Digital, Inc. (NYSE-American: MHH) is a leading provider of Digital Transformation Services. The company specializes in delivering high-quality technology talent and innovative solutions that help businesses drive digital transformation and harness the power of data and analytics. Mastech Digital operates globally, with headquarters in
For more information, visit www.mastechdigital.com.
Forward-Looking Statements:
Certain statements contained in this release are forward-looking statements based on management's expectations, estimates, projections, and assumptions. Words such as "expects," "anticipates," "plans," "believes," "scheduled," "estimates" and variations of these words and similar expressions are intended to identify forward-looking statements, which include but are not limited to projections of and statements regarding the Company's ability to generate revenues, earnings, and cash flow. These statements are based on information currently available to the Company and it assumes no obligation to update the forward-looking statements as circumstances change. These statements are not guarantees of future performance and involve certain risks and uncertainties, which are difficult to predict. Therefore, actual future results and trends may differ materially from what is forecasted in forward-looking statements due to a variety of factors, including, without limitation, the level of market demand for the Company's services, the highly competitive market for the types of services offered by the Company, the impact of competitive factors on profit margins, market and general economic conditions that could cause the Company's customers to reduce their spending for its services, the Company's ability to create, acquire and build new lines of business, to attract and retain qualified personnel, reduce costs and conserve cash, the extent to which the Company's business is adversely affected by the impacts of the COVID-19 pandemic or any other pandemics or outbreaks disrupting day-to-day activities and other risks that are described in more detail in the Company's filings with the Securities and Exchange Commission, including its Form 10-K for the year ended December 31, 2023.
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SOURCE Mastech Digital, Inc.
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