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Five CEOs for Polaris
Posted on: 08/May/2013 4:48:41 PM
Five CEO`s have been appointed at the Polaris Financial Technology office. Polaris is a Chennai – based information technology company that caters to the financial services industry. It provides services, products and solutions to its clients.
Speaking about the appointments, Chairman and Chief Executive Officer Arun Jain said that the company needs to unlock potential and accelerate the growth engine. ‘In January, based on leadership deliberations and recommendations from The Boston Consulting Group, the board of directors authorised the management team to explore options for providing impetus to the next stage of growth and to maximise shareholder value.
A task force was set up and it reviewed with the board, based on which the company is restructuring its businesses into separate services and products divisions. Both divisions will have independent management teams and strategies aligned to their respective customers` needs. Five CEO`s are appointed, for each distinct line of business across services and products, for greater customer focus and agility. COO (chief operations officer) Govind Singhal will guide the enterprise-wide change’, he said.
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