NEW YORK--(BUSINESS WIRE)--Sept. 11, 2007--WNS (Holdings) Limited
(NYSE: WNS), a leading provider of offshore business process
outsourcing (BPO) services, today announced three senior executive
appointments that will drive the continued growth and development of
the company including the promotion of Anup Gupta to Group Chief
Operating Officer responsible for managing the operating performance
of the company; the appointment of Eric Selvadurai as the Managing
Director and leader of WNS's European business; and Sulakshana
Patankar as the CEO of the newly carved out Finance and Accounting
Business Unit.
WNS also announced today that Zubin Dubash, who has served as
Group Chief Financial Officer for the past three years, will be
leaving WNS on December 1, 2007, to pursue a career in private equity.
The company has begun a search for a new CFO. "We would like to thank
Zubin for his efforts in helping us build WNS to where it is today. We
are currently conducting a CFO search, and with the strong team
backing Zubin and the sufficient notice period from him, we are
confident the transition will be seamless," said Neeraj Bhargava,
Group Chief Executive Officer of WNS.
Mr. Gupta was most recently CEO of WNS Travel Services, which
under his leadership increased revenue by four times in a span of
three years, delivered a strong operating performance, and developed a
wide range of innovative and profitable service lines. He will
continue to lead Travel Services until a new CEO is appointed. Prior
to joining WNS in 2002, he was a Principal at eVentures India, a News
Corp. and SoftBank backed-venture fund, and also a consultant with
Booz Allen Hamilton. Mr. Gupta's promotion to Group COO follows the
appointments last month of two seasoned executives to WNS Travel
Services.
Mr. Selvadurai, as the new Managing Director and leader of the WNS
European business (including Continental Europe), is taking over from
Steve Dunning, a company co-founder, who will have a senior advisory
role and will work closely with Mr. Selvadurai to further expand the
UK and European business of WNS. Most recently, Mr. Selvadurai was CEO
of WNS Enterprise Services, the company's fastest growing business
last year, and has also managed some of the company's largest UK
client relationships. Prior to joining WNS in 2002, Mr. Selvadurai was
a senior executive in the UK with Hays plc, a FTSE 250 B2B services
company.
WNS's Enterprise Services Business Unit is being restructured to
create two Business Units, one focused on Finance & Accounting (F&A)
and the other on Industrial Goods & Infrastructure industries. Ms.
Patankar takes over the growth and P&L responsibility for the F&A
Business Unit and WNS will in due course appoint a new CEO for the
Industrial Goods & Infrastructure Business Unit. Ms. Patankar is a
founding member of the company's highly-rated F&A practice. She also
launched the WNS operations in Pune, India, currently the company's
largest operating location. Previously, Ms. Patankar was a consultant
with PricewaterhouseCoopers.
"WNS is pleased to announce the appointment of Anup to Group COO,
a natural progression for him, given his stellar track record. This
move will allow me to focus on accelerating growth, and shape other
strategic initiatives. We are also pleased to see the new and expanded
roles of Eric and Sulakshana who have had fantastic careers at WNS and
have played key roles in growing the company. We would also like to
thank Steve for the vital role he has played in shaping our Travel and
UK businesses, and we are glad that he will be assisting Eric in his
new role. Our business fundamentals continue to be strong, and we are
confident that the new appointments of Anup, Eric and Sulakshana will
be an important part of the continued growth and evolution of WNS",
Bhargava added.
About WNS
WNS is a leading provider of offshore business process
outsourcing, or BPO, services. We provide comprehensive data, voice
and analytical services that are underpinned by our expertise in our
target industry sectors. We transfer the execution of the business
processes of our clients, which are typically companies located in
Europe and North America, to our delivery centers located primarily in
India. We provide high-quality execution of client processes, monitor
these processes against multiple performance metrics, and seek to
improve them on an ongoing basis.
WNS ADSs are listed on the New York Stock Exchange. For more
information, please visit our website at www.wnsgs.com.
Safe Harbor Statement under the provisions of the United States
Private Securities Litigation Reform Act of 1995
This release contains "forward-looking statements" that are based
on our current expectations, assumptions, estimates and projections
about our company and our industry. The forward-looking statements are
subject to various risks and uncertainties. Those statements include
estimates of the benefits of the proposed acquisition and future plans
of the company. We caution you that reliance on any forward-looking
statement involves risks and uncertainties, and that although we
believe that the assumptions on which our forward-looking statements
are based are reasonable, any of those assumptions could prove to be
inaccurate, and, as a result, the forward-looking statements based on
those assumptions could be materially incorrect. These factors include
but are not limited to: technological innovation; telecommunications
or technology disruptions; future regulatory actions and conditions in
our operating areas; our dependence on a limited number of clients in
a limited number of industries; our ability to attract and retain
clients; our ability to expand our business or effectively manage
growth; our ability to hire and retain enough sufficiently trained
employees to support our operations; negative public reaction in the
U.S. or the U.K. to offshore outsourcing; regulatory, legislative and
judicial developments; increasing competition in the business process
outsourcing industry; political or economic instability in India, Sri
Lanka and Jersey; worldwide economic and business conditions; our
ability to successfully consummate strategic acquisitions; and other
risks described from time to time in our SEC filings, including our
annual report for our fiscal year ended March 31, 2007 on Form 20-F
filed on June 26, 2007.
CONTACT: Investors:
WNS (Holdings) Limited
Jay Venkateswaran, 212-599-6960
Senior VP -- Investor Relations
ir@wnsgs.com
or
Media:
Gutenberg Communications
Mike Sherrill, 212-239-8741
msherrill@gutenbergpr.com
SOURCE: WNS (Holdings) Limited