UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of
Report (Date of earliest event reported): February 11, 2010
GENPACT
LIMITED
(Exact
name of registrant as specified in its charter)
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Bermuda
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001-33626
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98-0533350
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(State
or other jurisdiction
of
incorporation)
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(Commission
File
Number)
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(I.R.S.
Employer
Identification
No.)
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Canon’s
Court, 22 Victoria Street
Hamilton
HM, Bermuda
(Address
of Principal Executive Offices) (Zip Code)
Registrant’s
telephone number, including area code: (441) 295-2244
Not
Applicable
(Former
name or former address, if changed since last report)
Check the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions:
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o
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Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
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o
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
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o
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
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o
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
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Item
5.02. Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers.
(b) On
February 11, 2010, Vivek Gour resigned from his position as Senior Vice
President and Chief Financial Officer for Genpact Limited (“Genpact”), effective
March 1, 2010. Mohit Bhatia, 45, the business leader for Genpact’s
finance and accounting practice since December 2004, will succeed Mr. Gour as
Chief Financial Officer of Genpact on March 1, 2010. Mr. Bhatia’s annual
base salary will be $260,000, and he will continue to be eligible to participate
in Genpact’s bonus and equity-based compensation programs, as administered by
Genpact’s compensation committee. Genpact’s related press release
announcing these changes is included as Exhibit 99.1 to this Form
8-K.
Item
9.01. Financial Statements and Exhibits.
(d)
Exhibits:
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99.1
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Press
release, dated February
18, 2010
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2
Signature
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has
duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.
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GENPACT
LIMITED
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Date:
February 18, 2010
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By:
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/s/ Victor
Guaglianone
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Name:
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Victor
Guaglianone
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Title:
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Senior
Vice President
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and
General Counsel
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3
EXHIBIT
INDEX
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Exhibit
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Description
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99.1
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Press
release, dated February 18, 2010
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4
Exhibit
99.1
GENPACT
NAMES MOHIT BHATIA TO SUCCEED VIVEK GOUR AS CFO
NEW YORK, February 18, 2010 –
Genpact Limited (NYSE: G), a leader in managing business processes, today
announced that Vivek Gour intends to step down as senior vice president and
chief financial officer, effective March 1, 2010. Mohit Bhatia, a Genpact
veteran, has been named as successor and will report to Genpact’s president and
chief executive officer, Pramod Bhasin. To ensure a seamless transition, Gour
will remain at Genpact through April 30, 2010.
Gour has
been CFO of Genpact since January 2005 and has played an integral role in
transforming Genpact from a unit of GE into a highly profitable public company
with $1.12 billion in revenue. With the company’s corporate
governance, financial position and performance well established following the
company’s 2007 NYSE listing, Gour believes it is an appropriate time for him to
pursue his other interests, including applying commercial skills to social
development issues.
Bhatia is
a chartered accountant and has been employed by Genpact since
1999. Bhatia served as Genpact’s CFO prior to Genpact’s separation
from GE from October 2003 until December 2004 when he moved into a business
position. He currently leads Genpact’s finance and accounting practice, its
largest business unit.
“I am
delighted to have Mohit take on the CFO role,” said Bhasin. “We have leadership
depth and robust succession planning practices, both of which enabled us to name
a highly qualified internal candidate as successor and to make this a very
smooth transition. Mohit brings a broad base of financial experience
as well as a deep understanding of Genpact’s business. I am confident that Mohit
will drive our unrelenting focus on building value for our clients and
shareholders, including the achievement of our announced 2010 goals, and will
maintain our track record of financial excellence and fiscal conservatism
established under Vivek's leadership."
Gour
said, “I am proud to have worked with Pramod and Genpact for over 12 years to
build Genpact into the successful and vibrant company it is
today. The skills I developed at Genpact will be invaluable as I
pursue other social and commercial interests. I will remain at
Genpact until April 30, 2010 to ensure an orderly transition with
Mohit."
Bhasin
continued, “On behalf of the board and senior leadership team, I want to thank
Vivek for his work as CFO over the last five years. We will miss
him. His contributions have been outstanding. He was
instrumental in our successful 2007 IPO and has helped to position us for
long-term success. We wish him all the best in his future
endeavors.”
About
Genpact
Genpact
is a leader in managing business processes, offering a broad portfolio of
enterprise and industry-specific services. The company manages over 3,000
processes for more than 400 clients worldwide. Putting process in the
forefront, Genpact couples its deep process knowledge and insights with focused
IT capabilities, targeted analytics and pragmatic reengineering to deliver
comprehensive solutions for clients. Lean and Six Sigma are ingrained in
the company’s culture, which views the management of business processes as a
science. Genpact has developed Smart Enterprise Processes (SEPSM), a
groundbreaking, rigorously scientific methodology for managing business
processes, which focuses on optimizing process effectiveness in addition to
efficiency to deliver superior business outcomes. Services are seamlessly
delivered from a global network of centers to meet a client’s business
objectives, cultural and language needs and cost reduction goals. Learn
more at www.genpact.com.
Contact
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Investors
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Shishir
Verma
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+1
(646) 624 5912
+91
(124) 402-3079
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shishir.verma@genpact.com
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Media
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Vivaan
Gideon (For
Genpact)
vivaan.gideon@bm.com
+91
9811062853
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Kelli
Gail (For Genpact)
Kelli.gail@ogilvypr.com
+1
(212) 880 5261
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