By ET Bureau - August 05, 2022 4 Mins Read
GlobalLogic Inc., a Hitachi Group company and a leader in digital engineering, today announced that its President and CEO Shashank Samant will be succeeded by the company’s current Chief Operating Officer (COO), Nitesh Banga, effective October 1, 2022 becomes the new President and CEO. Nitesh is a versatile and experienced executive who has worked successfully in various roles of strategy, go-to-market, engineering and operations while launching similar companies in the Japanese market. Shashank will assume a new role as Chairman of the GlobalLogic Board of Directors, in addition to serving as Executive Advisor to Mr. Toshiaki Tokunaga, Sector Head of Hitachi Digital Systems and Services (DSS).
For more than a decade, Shashank led GlobalLogic through periods of rapid growth as CEO, overseeing multiple strategic acquisitions and digital capability expansion efforts. His leadership and expertise took the company from a group of elite software engineers to a world leader in digital engineering, eventually becoming part of the Hitachi Group.
” I’m proud of the industry-leading growth we’ve achieved during my tenure as CEO of GlobalLogic,” commented Shashank. “I believe that in order for organizations to continue to lead and thrive, their leaders must evolve as well. Nitesh has demonstrated throughout his career that he is a strong leader in both vision and execution. I am confident that he will embark on a successful course that will propel GlobalLogic through the next major stages of growth. I am also very much looking forward to continuing to support GlobalLogic in my new role as CEO and contributing to the expansion of the digital business and accelerating the digital transformation of the Hitachi Group.”
Since arriving in 2018, Nitesh has led key roles in GlobalLogic’s business. He was instrumental in GlobalLogic’s remarkable growth and adeptly leading the company through monumental challenges such as the COVID-19 pandemic and the war in Ukraine.
Nitesh is a services industry veteran with diversified expertise in strategy, business development, service delivery, operations, and mergers and acquisitions. He has adeptly managed large P&L organizations and has a deep understanding of Western and Eastern cultures, including Japan. Before joining GlobalLogic, he worked for IT services and consulting company Infosys for more than two decades.
” It is an honor and a great responsibility to lead GlobalLogic,” said Nitesh. “ Our people’s passion, expertise and deep commitment to our clients’ success have created an invigorating, creative institution. As we enter our third decade, we have a unique opportunity to accelerate the digital transformation of businesses, backed by Hitachi’s incredible legacy, global reach and trusted brand.”
“ Since GlobalLogic joined the Hitachi Group, Shashank has been instrumental in growing its overall digital business. I look forward to his continued strength in supporting the growth and transformation of the Hitachi Group through digital technology,” said Keiji Kojima, President and CEO of Hitachi, Ltd. “ Nitesh has an excellent track record as GlobalLogic’s COO and I am confident he can sustain the high growth momentum into the future. We are excited to partner with a leader of his caliber to bring new value to our customers around the world through innovation, green and digital solutions.”
” As GlobalLogic becomes part of the Hitachi family, Hitachi’s digital capabilities have expanded tremendously,” said Mr. Tokunaga. “ I would like to thank Shashank for his competent leadership and look forward to his contributions as CEO. Going forward, I expect that, under Nitesh’s leadership, GlobalLogic will continue to create synergies with Hitachi Digital and other companies in the Hitachi group and dramatically expand the digital business through DX support for customers worldwide.”
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