Capgemini, a global leader in information technology services, has announced the appointment of Nive Bhagat as the new Group Chief Financial Officer (CFO), effective January 1, 2024. Bhagat will succeed Carole Ferrand, who has served as CFO since 2018 and is set to pursue other career opportunities.
Bhagat brings a wealth of experience to her new role, having served as the CEO of Capgemini’s Cloud & Infrastructure Services since 2019. In this capacity, she has led a global business unit comprising over 30,000 team members and has been a member of the Group Executive Committee. Prior to her current role, Bhagat held various positions at Capgemini, including Head of Markets and Head of Private Sector across the Applications business in the UK.
Speaking about the appointment, Aiman Ezzat, CEO of Capgemini Group, expressed gratitude for Carole Ferrand’s significant contributions during her tenure as CFO. Under Ferrand’s leadership, Capgemini nearly doubled its revenues and completed one of its largest acquisitions with Altran, all while navigating the challenges posed by the global pandemic.
Ezzat also welcomed Bhagat’s appointment, highlighting her broad industry experience and proven track record in delivering business results. He expressed confidence in Bhagat’s ability to drive Capgemini’s growth and development in her new role as CFO.
In response to her appointment, Nive Bhagat expressed excitement and privilege at taking on the role of CFO at Capgemini. She emphasized her commitment to executing the company’s strategic vision and building on its strong financial foundation. Bhagat also acknowledged the excellence and professionalism of the Capgemini team, expressing confidence in their ability to ensure the company’s continued success.
Carole Ferrand, reflecting on her time at Capgemini, expressed pride in the achievements made during her tenure and offered her support to Nive Bhagat as she transitions into her new role.
Capgemini has confirmed all its financial targets for the full year, as communicated during its 2023 Q3 publications, reaffirming its commitment to delivering value to shareholders and stakeholders alike.