Mphasis has appointed Punit Sood as an independent director on its board for a five-year term, effective December 11, 2025, the company said in a statement.
It informed that the appointment is based on the recommendations of the internal Nomination and Remuneration Committee and is subject to shareholders’ approval.
The company also said that Jan Kathleen Hier will conclude her tenure as independent director and chairperson of the company effective Wednesday, upon the completion of her second and final term.
Sood currently serves as an independent director on the boards of ICICI Bank and National Payments Corporation of India. He brings more than 36 years of leadership experience across financial services and technology, the company said.
His career includes senior roles at global organisations such as Citibank, GE Capital, United Technologies, JPMorgan Chase, and NatWest.
Sood has held CIO roles across geographies and has led global capability centre (GCC) strategies for NatWest, JPMorgan Chase and Citibank.
He chaired the NASSCOM GCC Council during 2021–23 and served as a member for the 2023–25 term. Sood also serves as an external expert with Boston Consulting Group, advising on global capability centre strategy.
Mphasis CEO and managing director Nitin Rakesh said, “His (Sood’s) insights on leadership will enrich our strategic thinking as we continue to navigate the ever-changing business landscape.”
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