Suresh Muthuswami has been elevated to the role of chairman, North America of Tata Consultancy Services (TCS) as current chairman Surya Kant is set to retire at the end of the financial year. The largest software services firm has also elevated a few other executives in its senior leadership team in conjunction with this appointment.

Kant has worked with TCS for over 17 years. Muthuswami, currently president of TCS North America will take over as Chairman, TCS North America from April 1, 2022.

“Surya Kant (Sury) has been an integral part of TCS for the last four decades as a leader in many geographies and currently serves as Chairman, TCS North America. Having spent over 43 years in TCS, he will be retiring at the end of this financial year,” said TCS, in a statement.

“We would like to thank Sury for his tremendous contributions to building TCS and wishing him the very best in whatever he does. While he is leaving his role at TCS, he will have a special place in TCS forever. We would also like to wish Suresh, Amit & Vivek the very best in their new roles,” said TCS.

Taking over Muthuswami’s role will be Amit Bajaj who will assume the role of president, TCS North America. Bajaj has worked with TCS for 24 years across various global roles and was most recently heading the America and UK markets. R Vivekanand, who currently heads TCS Financial Solutions, will head the Banking Financial Services and insurance (BFSI) platforms business. Vivekanand has worked with TCS for over 29 years.

The BFSI segment comprises almost 40% of TCS revenue (including platform and emerging market offerings) while North America comprises 49% of TCS’ $25 billion annual revenue.