NEW DELHI, Aug 20
HCL Technologies announced the appointment of Shiv Walia as the Chief Financial Officer (CFO) of the company with effect from the close of business on September 6, 2024. “After considering the recommendations of the Nomination & Remuneration Committee and the Audit Committee, has appointed Shiv Walia as the Chief Financial Officer (CFO) with effect from the close of business on September 6, 2024. Consequently, Shiv Walia would also be the Key Managerial Personnel of the Company,” the company said in a regulatory filing.
Shiv Walia will be taking over from Prateek Aggarwal, who has decided to step down from the position after serving in this role since October 1, 2018, to pursue opportunities outside HCL Tech. Prateek Aggarwal will continue to be with the company till September 6, 2024.
“Shiv Walia has been integral to our success over the last many years. As a seasoned finance leader, he has played key roles across our various geographies and businesses through multiple business cycles and has extensive knowledge of HCLTech’ s businesses and clients. His financial acumen, international experience and pragmatic approach will be invaluable as we respond to technology shifts with speed and continue our profitable growth journey over the coming years,” said C Vijayakumar, CEO & MD, HCL Tech.
“I also want to thank Prateek for his contributions to HCLTech over the last 12 years and wish him the very best for his future endeavors,” he added.
Shiv Walia started his professional career with HCL in 1993 and served across several finance leadership roles over the last many years. He is currently Corporate Vice President & Global Head of FP&A and Business Finance Operations.
He is a graduate in Commerce from SRCC, Delhi, a Cost Accountant and a Chartered Accountant from both India and Australia. Shiv Walia has been with HCL Tech since April 1998 and has previously worked in HCL subsidiaries between April 1993 and March 1998. He has over 3 decades of experience performing various leadership roles in the finance function working in India, Singapore, Australia and the United Kingdom.
He was elevated as Corporate Vice President – Finance for HCLTech in April 2024 and is presently responsible for Financial Planning & Accounting, and Business Finance operations including overseeing the Finance operations of acquired entities, the company stated.
