Hexaware Technologies has announced significant changes to its Board composition and senior management structure, effective February 23, 2026. The board approved the appointment of Mr. Alok Chandra Misra as a Non-Executive Independent Director for a three-year term. Concurrently, Mr. Vivek Sharma resigned as an Independent Director due to professional commitments. Additionally, Mr. Shantanu Baruah was assigned an expanded leadership role focusing on North America operations.
Key Board and Management Updates
Hexaware Technologies Limited has informed the exchanges regarding several structural changes effective February 23, 2026, pursuant to requisite corporate governance disclosures. These updates involve the induction of a new director, the resignation of an existing director, and an expansion in responsibilities for a senior executive.
Appointment of Independent Director
The Board of Directors approved the appointment of Mr. Alok Chandra Misra (DIN: 01542028) as an Additional Director, serving in the capacity of a Non-Executive Independent Director. This appointment is for a term of 3 years, concluding on February 22, 2029, pending shareholder approval. Mr. Misra brings extensive financial and operational expertise, having recently co-founded Guvrn and previously serving as Operating Partner at General Atlantic. He is a Fellow member of the Institute of Chartered Accountants of India.
Committee Memberships for New Director
Following his appointment, Mr. Misra has been made a member of several key Board committees, including the Audit Committee, the Nomination & Remuneration Committee, the Risk Management Committee, the Environmental, Social & Governance Committee, and the Cybersecurity Committee (a sub-committee of the Audit Committee).
Resignation of Independent Director
Mr. Vivek Sharma (DIN: 10741746) has resigned from his position as an Independent Director, effective from the close of business hours on February 23, 2026, citing other professional commitments. Consequently, Mr. Sharma has also stepped down from his membership on the Stakeholders Relationship Committee and the Corporate Social Responsibility Committee. Mr. Sharma confirmed that there are no other material reasons for his departure.
Expansion of Senior Executive Role
In a separate decision, the Board approved an additional responsibility for Mr. Shantanu Baruah, currently the President & Global Head – Healthcare & Insurance (H&I) Vertical. Effective February 23, 2026, Mr. Baruah will also assume the role of North America – Hunting Head. Mr. Baruah has over 25 years of experience in the healthcare and life sciences industry, including serving as Executive Vice President at HCL Tech, where he managed the North America Healthcare business.
Revised Committee Structure Summary
The reconstitution of the Board committees following these changes is detailed in the accompanying annexures. Notably, the revised committee compositions include the new members and reflect the necessary changes due to Mr. Sharma’s cessation. For instance, the Audit Committee now includes Milind Sarwate (Chairman), Sukanya Kripalu, Alok Misra, and Kapil Modi.
Source: BSE
