Thursday, Mar 28 2024 | Time 15:08 Hrs(IST)
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Business Economy


Majesco appoints Adam Elster as CEO

Mumbai, Sep 26 (UNI) Majesco, a global provider of core insurance platform software and consulting services for insurance business transformation, announced today that it has appointed Adam Elster as Chief Executive Officer, w e f October 1, 2018.
Ketan Mehta, Majesco Co-Founder and current CEO, has decided to retire from the operational role after 36 years of service and will continue to serve Majesco as the Chairman of the company's Board of Directors.

''I am very excited to welcome Adam who will be ideal to lead Majesco to the next level of growth." said Ketan Mehta.
''His experience in cloud, digital and business transformation, passion for servicing customers at a global scale and authentic team-player attitude make him an extraordinary fit for Majesco." continued Mehta, "Adam's appointment embodies our commitment to lead digital transformation in the global insurance industry.'' he added.
Adam has a strong background in the technology industry and most recently served as President, Global Field Operations of CA Technologies.There he led high-performing teams in all aspects of sales, services, support and operations.

''Majesco has a compelling business with an incredible speed-to-value offering that allows customers in the insurance industry to meet the pace of demand in the market, using platform solutions as the foundation of their future business models," said Adam.

''At a time when customers are demanding more and more from the insurance industry, Majesco provides innovative, on-demand digital capabilities designed to help insurance carriers outperform. A big component of my job is to bring that innovation to our customers faster and accelerate the pace of growth globally. I'm excited to join the leadership team and all the great people that have fueled the company's growth.
Majesco is well positioned to revolutionize insurance through technology and I look forward to executing our
growth-oriented business plan and creating value for our shareholders.''
Dr. Arun K. Maheshwari, Chairman of the Board of Directors of Majesco stated, "Majesco has made great strides in moving the business into the cloud while achieving revenue growth and improving profitability. Bringing Adam on board will accelerate Majesco's next chapter of growth." Dr. Maheshwari will continue to serve as a director of Majesco after passing on the Chairman role to Ketan Mehta.
UNI JS NV SY 1630
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