WNS Announces Contract Extension for CEO Keshav Murugesh to 2025

Rhea-AI Summary

WNS (Holdings) Limited has extended CEO Keshav R. Murugesh's employment contract until August 17, 2025. Under his leadership since 2010, WNS transitioned from a traditional BPO to a BPM solutions provider, boasting over $1 billion in revenue and 52,000 employees across 12 countries. The Board expresses confidence in Murugesh's ability to drive future growth and enhance stakeholder value amid the evolving BPM market. His leadership has focused on digital transformation and innovative client solutions, positioning WNS as a leader in the industry.

Positive

• Extension of CEO Keshav R. Murugesh's contract to August 2025, ensuring leadership stability.
• WNS has surpassed $1 billion in revenue and employs over 52,000 resources globally.
• Transition from a legacy BPO to a domain-intensive BPM solutions provider, enhancing competitive positioning.

Negative

• None.

NEW YORK & MUMBAI, India--(BUSINESS WIRE)-- WNS (Holdings) Limited (NYSE: WNS), a leading provider of global Business Process Management (BPM) solutions, today announced its Board of Directors has agreed with Keshav R. Murugesh, Chief Executive Officer (CEO), to extend the terms of his employment agreement to August 17, 2025.

"Keshav’s vision and leadership over the past 12 years have enabled WNS to navigate the rapidly changing services landscape and emerge a true leader in the BPM industry,” said Timothy Main, WNS’ Chairman of the Board. “Keshav and his team have driven the company’s transition from a legacy labor arbitrage BPO firm to a domain-intensive BPM solutions company delivering digital transformation for clients by combining technology, analytics, process expertise, and specialized resources. The Board of Directors remain confident in Keshav’s ability to continue leading WNS into the future, to successfully execute on our strategic plans, and to deliver enhanced value for all of our key stakeholders.”

"The BPM market continues to expand and evolve, as clients increasingly look for strategic partners to help them transform their business models and improve competitive positioning,” said Keshav R. Murugesh, WNS’ CEO. “I am proud of the progress we have made in bringing WNS to this point, and I am equally excited about the opportunity to help lead this company into the next phase of our ongoing journey.”

Since joining WNS as CEO in February of 2010, Mr. Murugesh has helped transform the company into an innovative BPM firm which works closely with clients to “co-create” customized solutions. WNS’ differentiated capabilities and unique approach have enabled the company to deliver best-in-class revenue growth and margins. Today, WNS has over $1 billion in revenue and more than 52,000 resources delivering services from 12 countries across the globe. Prior to this extension, Mr. Murugesh’s contract was set to expire in August 2023.

About WNS

WNS (Holdings) Limited (NYSE: WNS) is a leading Business Process Management (BPM) company. WNS combines deep industry knowledge with technology, analytics, and process expertise to co-create innovative, digitally led transformational solutions with over 400 clients across various industries. WNS delivers an entire spectrum of BPM solutions including industry-specific offerings, customer experience services, finance and accounting, human resources, procurement, and research and analytics to re-imagine the digital future of businesses. As of March 31, 2022, WNS had 52,081 professionals across 54 delivery centers worldwide including facilities in China, Costa Rica, India, the Philippines, Poland, Romania, South Africa, Spain, Sri Lanka, Turkey, the United Kingdom, and the United States.

For more information, visit www.wns.com or follow us on Facebook, Twitter, LinkedIn, and Instagram.

Safe Harbor Provision

This document includes information which may constitute forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, the accuracy of which are necessarily subject to risks, uncertainties, and assumptions as to future events. Factors that could cause actual results to differ materially from those expressed or implied are discussed in our most recent Form 20-F and other filings with the Securities and Exchange Commission. WNS undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220613005909/en/

Investors:

David Mackey

EVP – Finance & Head of Investor Relations

WNS (Holdings) Limited

+1 (646) 908-2615

david.mackey@wns.com

Media:

Archana Raghuram

Global Head – Marketing & Communications and Corporate Business Development

WNS (Holdings) Limited

+91 (22) 4095 2397

archana.raghuram@wns.com; pr@wns.com

Source: WNS (Holdings) Limited

FAQ

What is the new contract end date for WNS CEO Keshav R. Murugesh?

Keshav R. Murugesh's new contract end date is August 17, 2025.

How has Keshav R. Murugesh contributed to WNS's growth?

Since becoming CEO in 2010, Murugesh has led WNS's transformation to a BPM solutions provider, achieving over $1 billion in revenue.

What are the current global employee numbers for WNS?

WNS currently employs over 52,000 resources across 12 countries.

How has WNS adapted to changes in the BPM market?

WNS has shifted from traditional BPO services to offering digital transformation and innovative solutions, meeting evolving client needs.