-- Bhargava will remain in his current role until the Board of Directors
has identified a successor
-- Upon the appointment of a new Chief Executive Officer, Bhargava will
transition into a Strategic Advisor role
-- Bhargava will remain on the Board of Directors
"I have been with WNS since its inception and have spent the past five
years as the CEO. I have worked closely with WNS's Board of Directors,
employees, clients, advisors and partners to achieve tremendous growth
during this time, and I am deeply grateful for the considerable support
that I have always received," said Bhargava. "At this point, I am ready to
take on a less intensive role, transitioning from an operating executive to
an advisor and I look forward to supporting my successor to continue WNS's
path of exceptional growth."
Starting his career with WNS as co-founder, President and CFO in 2002,
Bhargava was appointed Group Chief Executive in December 2003. During this
time, the company was transformed from a British Airways captive operation
to a leading global BPO company serving over 200 clients today. In 2006,
under Bhargava's leadership, the company became the first
Indian-heritage BPO company to successfully complete a listing on the New
York Stock Exchange.
"Neeraj Bhargava has demonstrated an extraordinary passion for WNS, the
company he co-founded and essentially built from scratch," said Ramesh
Shah, Chairman. "He led the company's IPO and guided WNS to its current
position as a leading global provider of business process outsourcing
services. We applaud Neeraj for his many contributions to WNS and look
forward to his continued counsel as we select the company's next leader."
During the search for a successor, Bhargava and his management team will
remain fully focused on business as usual, continuing the drive for strong
company performance; the successful integration of recent acquisitions;
employee growth and development; and ensuring superior client service.
The Board will conduct a global executive search to select the chief
executive who will take WNS to the next stage of its development by
accelerating its growth and profitability.
Conference Call
WNS will host a conference call for investors and analysts on January 27,
2009 at 8 am (ET) to discuss this announcement. To participate, callers can
dial: 1-800-901-5241; international dial-in 1-617-786-2963; participant
passcode 24960116. A replay will also be made available online at
www.wns.com for a period of three months beginning two hours after the end
of the call.
About WNS
WNS is a leading global business process outsourcing company. Deep industry
and business process knowledge, a partnership approach, comprehensive
service offering and a proven track record enable WNS to deliver business
value to some of the leading companies in the world. WNS is passionate
about building a market-leading company valued by our clients, employees,
business partners, investors and communities. For more information, visit
www.wns.com.
Contact Information: Media Contacts: Anurag Mehrotra Anurag.Mehrotra@wnsgs.com +91-9920106509 Josh Passman Jpassman@cjpcom.com +1-212-279-3115 ext. 203 Investor Contact: Alan Katz Alan.Katz@wnsgs.com +1-212-599-6960 ext. 241