Persistent Systems Limited — Board/Management Information 2019

Apr 27, 2019

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PERSISTENT

NSE & BSE / 2019-20 / 14

April 27, 2019

The Manager, Corporate Services, National Stock Exchange of India Limited Exchange Plaza, Bandra Kurla Complex, Bandra (E), Mumbai 400051

The Manager, Corporate Services, BSE Limited 14[th ] Floor, P J Towers, Dalal Street, Mumbai 400001

Ref: Symbol: PERSISTENT

Ref: Scrip Code: 533179

Dear Sir/ Madam,

Sub: Intimation of the appointment of Mr. Christopher O'Connor as an Additional Director (Executive Director) and Chief Executive Officer of the Company

In terms of Regulation 30 and any other applicable regulations, if any of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that the Board, at its meeting held on April 26, 2019 and concluded on April 27, 2019, has appointed Mr. Christopher O'Connor as the Chief Executive Officer with immediate effect.

The Board of Directors has also appointed him as an Additional Director (Executive Director) of the Company with immediate effect for a period of 3 (Three) years subject to the approval of the Members in the next General Meeting of the Company.

A brief profile of Mr. O'Connor is enclosed for your ready reference.

Please acknowledge the receipt.

Thanking you,

Yours sincerely, For Persistent Systems Limited Amit -re Company Secretary ICSI Membership Number: ACS 20507

Encl: As above

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Persistent Systems Limited, Bhageerath, 402, Senapati Bapat Road, Pune 411016 I Tel : +91 (20) 670 30000 Persistent Systems Inc., 2055, Laurelwood Rd, Suite 210, Santa Clara, CA 95054, USA I Tel: +1 (408) 216 7010 CIN · L72300PN1990PLC056696 I Fax - +91 (20) 6703 0009 I e-mail· info@persistent.comIWebsite·www.persistent.com

Annexure

Brief Profile of Mr. Christopher O'Connor

Sr.	Details of Events that need to be	Details of Events that need to be	Details of Events that need to be	Information of such events(s)
No.		provided
1.	Reason for change viz. appointment,			Appointment of Additional Director (Executive Director)
	resignation, removal, death or otherwise			and Chief Executive Officer of the Company
2.	Date of appointment / cessation (as			Date - April 27, 2019
	applicable) & term of appointment			Term of appointment -
				Mr. Christopher (Chris) O'Connor has been appointed as
				the Chief Executive Oficer with immediate effect.
				He has also been appointed as an Additional Director
				(Executive Director) of the Company with immediate
				effect for a period of 3 (Three) years subject to the
				approval of the Members in the next General Meeting
				of the Company.
3.	Brief profile (in	case of appointment)		Christopher (Chris) O'Connor is the Chief Executive
				Officer Designate at Persistent Systems and is
				responsible for the strategic direction of the Company.
				Until recently, Chris led the Internet of Things business
				unit at IBM including roles as its General Manager, Head
				of Sales and Head of all software R&D. He has been the
				founding strategist, leader and industry wide innovator
				of IBM loT. His prior roles in IBM have centered around
				building new businesses for IBM such as Systems
				Management, IBM Commerce and Financial Software,
				and founding the IBM Smart Cities software and serices
				business. He also has led network hardware R&D in the
				start-up community both exiting and returning to IBM in
				that tenure.
				An alumnus of the Rutgers University, Chris holds a dual
				Bachelor of Science degree in Electrical Engineering and
				Computer Science. He has remained academically
				active, achieving a management certificate from the
				University of North Carolina and advanced management
				training from Harvard University. He is a regular guest
				lecturer at Duke University, Harvard University and a
				member of the board of Computer Information
				Technology at Appalachian State University.
4.	Disclosure of	relationships	between	The Director do not have any inter-se relationship with
	directors (in case of appointment of a			any other director.
	director).			Currently, he is not holding any shares of the Company.
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