HCLTech CFO: HCL Technologies has announced the promotion of Shiv Walia to the role of Chief Financial Officer, effective September 6, 2024. The move comes at a time when the company is looking to strengthen its financial leadership following the resignation of Prateek Aggarwal, who is leaving to explore new opportunities outside the organization.
In a statement, C Vijayakumar, CEO and MD, HCLTech, praised Walia’s extensive experience and contributions to the company. “Shiv Walia has been instrumental to our success over the past several years. As a seasoned financial leader, he has played key roles across our diverse geographies and businesses across multiple business cycles and has extensive knowledge of HCLTech’s businesses and customers,” he said.
Walia, who began his career at HCL in 1993 and joined HCLTech in 1998, has held several key financial leadership positions within the organization. Prior to his new appointment, he served as Corporate Vice President and Global Head of Financial Planning & Analysis and Commercial Finance Operations.
His promotion to CFO is expected to bring continuity and stability to HCLTech’s financial operations, particularly as the company grapples with the complexities of the global IT landscape. Walia’s deep understanding of the company’s financial architecture and strategic objectives positions him well to lead HCLTech’s financial strategy going forward.
The announcement of Walia’s appointment comes close on the heels of HCLTech’s stock performance, which closed at Rs 1,678.15 on the Bombay Stock Exchange on Monday. The company is recognised as a major player in the IT services sector and Walia’s leadership is expected to improve its financial governance and operational efficiency.
As HCLTech continues to expand its global footprint, Walia’s role will be crucial in managing financial risks and driving sustainable growth. The company remains committed to delivering innovative solutions to its clients while ensuring strong financial health under Walia’s leadership.
(with PTI inputs)
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