Nirav Patel
will join Mastech Digital on January 6,
2025. Vivek Gupta to Step
Down as President and CEO and Director of the Board After 9 Years
of Leadership.
PITTSBURGH, Dec. 16,
2024 /PRNewswire/ -- Mastech Digital, Inc.
(NYSE-American: MHH), a leading provider of Digital Transformation
Services, today announced that Nirav
Patel has been appointed as President and Chief Executive
Officer and member of the company's Board of Directors, effective
January 6, 2025. Patel succeeds
Vivek Gupta, who is stepping down
after leading the company since 2016.
Nirav Patel's Appointment as
President and CEO
Nirav Patel brings over 20 years
of experience as a seasoned technology executive with a proven
track record of scaling multibillion-dollar businesses. Most
recently, Patel served as President and CEO of Bristlecone, a
Mahindra Group company specializing in digital supply chain
transformation. During his tenure, Patel
transformed Bristlecone into the industry's largest pure-play
supply chain services provider, driving significant growth,
expanding its global workforce to over 3,000 associates, and
leveraging data and AI to deliver innovative solutions.
Patel has held several prominent leadership roles throughout his
career. Before serving as President and CEO of Bristlecone, Patel
was Senior Vice President and Global Markets Leader at Cognizant,
where he scaled the Communications, Media, and Technology business
to over $2 billion in annual revenue.
Patel holds a bachelor's degree in computer science from BIST,
Madras University, and is an alumnus of Harvard Business School's Advanced Management
Program.
The Board of Directors expressed its enthusiasm about Patel's
appointment.
"We are thrilled to welcome Nirav to Mastech Digital," said
Sunil Wadhwani and Ashok Trivedi, Co-Chairmen of Mastech Digital's
Board of Directors. "Nirav is a highly accomplished leader with
extensive experience in technology services and a strong track
record of driving growth and innovation. His expertise in data and
AI-driven transformation aligns perfectly with our strategic
priorities. We are confident that Nirav will help Mastech Digital
attain a leadership position in the growing AI, data and digital
engineering segments of the technology market and enhance
shareholder value."
Patel expressed his excitement to join Mastech Digital,
stating:
"I am deeply honored to join Mastech Digital as its President and
Chief Executive Officer and Board Member. The company has built a
strong foundation with its talented employees, loyal customers, and
trusted partners. With the global demand for technology talent and
digital transformation services accelerating rapidly, Mastech
Digital is uniquely positioned to lead in this evolving market. I
look forward to collaborating with the team to transform the
company into a full-scale, Data and AI-led technology services
leader, creating exceptional value for our clients, partners, and
shareholders."
Vivek Gupta steps down after 9
years of leadership
Vivek Gupta has been instrumental
in leading Mastech Digital's transformation from a pure-play IT
staffing company to a robust technology-focused solutions
organization. Under Gupta's leadership, the company expanded into
the digital transformation space with the acquisition of
InfoTrellis, Inc.'s services business, enhanced the quality of
revenues and significantly improved the Company's gross margin
profile. Gupta leaves behind a strong foundation with an
accelerating growth trajectory for the company's next chapter of
shareholder value creation.
"On behalf of the Board and the entire Mastech Digital team, we
want to thank Vivek for his leadership and the immense value of all
the contributions he has brought during his long tenure with the
company," said Sunil Wadhwani and
Ashok Trivedi, Co-Chairmen of the
Board of Directors. "We wish him the very best in his future
endeavors."
"It has been a fun ride at Mastech Digital wherein I have
enjoyed every minute of my nine years at the helm. The company has
delivered excellent results in the last many quarters, and I am
confident that the positive momentum will continue for the
foreseeable future," said Vivek
Gupta.
Vivek's last day with Mastech Digital will be February 28, 2025, which coincidentally is his
9th work anniversary with the Company.
About Mastech Digital
Mastech Digital, Inc. (NYSE-American: MHH) is a leading provider
of Digital Transformation Services. The company specializes in
delivering high-quality technology talent and innovative solutions
that help businesses drive digital transformation and harness the
power of data and analytics. Mastech Digital operates globally,
with headquarters in Pittsburgh,
PA, and delivery centers in North
America and India.
For more information, visit www.mastechdigital.com.
Forward-Looking Statements:
Certain statements contained in this release are forward-looking
statements based on management's expectations, estimates,
projections, and assumptions. Words such as "expects,"
"anticipates," "plans," "believes," "scheduled," "estimates" and
variations of these words and similar expressions are intended to
identify forward-looking statements, which include but are not
limited to projections of and statements regarding the Company's
ability to generate revenues, earnings, and cash flow. These
statements are based on information currently available to the
Company and it assumes no obligation to update the forward-looking
statements as circumstances change. These statements are not
guarantees of future performance and involve certain risks and
uncertainties, which are difficult to predict. Therefore, actual
future results and trends may differ materially from what is
forecasted in forward-looking statements due to a variety of
factors, including, without limitation, the level of market demand
for the Company's services, the highly competitive market for the
types of services offered by the Company, the impact of competitive
factors on profit margins, market and general economic conditions
that could cause the Company's customers to reduce their spending
for its services, the Company's ability to create, acquire and
build new lines of business, to attract and retain qualified
personnel, reduce costs and conserve cash, the extent to which the
Company's business is adversely affected by the impacts of the
COVID-19 pandemic or any other pandemics or outbreaks disrupting
day-to-day activities and other risks that are described in more
detail in the Company's filings with the Securities and Exchange
Commission, including its Form 10-K for the year ended December 31, 2023.
Logo:
https://mma.prnewswire.com/media/1039524/2514173/Mastech_Digital_Logo.jpg
View original
content:https://www.prnewswire.com/news-releases/mastech-digital-names-nirav-patel-as-president-and-chief-executive-officer-and-member-of-the-board-302332342.html
SOURCE Mastech Digital, Inc.