Press Release

Mastek names John Dowd as President and CEO to drive overall operations and business growth

Mumbai, 22 July 2009

MajescoMastek, a high-end IT solutions player with global operations providing new technology and IP-led enterprise solutions with a focus on the Insurance and Government verticals worldwide, today announced that its Board of Directors has named Mr John Dowd as Group President and Chief Executive Officer. As President and CEO, Mr Dowd will be responsible for establishing the strategic direction of MajescoMastek, all worldwide operations, and have overall accountability for business performance.

Mr Sudhakar Ram, who will continue as Chairman & Managing Director, will champion the Vision and Values of the company and focus on governance, corporate social responsibility, and key strategic initiatives and strategic relationships.

MajescoMastek ranked highly in the ABCD Vendor View that comparatively ranks vendors based on: Advanced technology and technical flexibility, Breadth of functionality, Customer base, and Depth of client services and solutions.

Mr John Dowd has been involved in supporting the company in its growth initiatives since September 2008 when he came on board as a senior advisor for MajescoMastek (the company’s US subsidiary). Over the course of the past year Mr Dowd has worked closely with Mr Ram to strengthen the strategic direction of the company, significantly enhance the global executive team, and overhaul the operational processes of MajescoMastek to shape it into an effective and efficiently run global business.

Commenting on Mr Dowd’s appointment, Mr Sudhakar Ram, Chairman and Managing Director, MajescoMastek, said, “I am very pleased to have John Dowd in an expanded leadership role at MajescoMastek. He has the management skills, industry experience, and business credentials that the company requires. His strong operational capabilities and sales orientation will enable us deliver the kind of organizational growth that we are aiming for. The Board felt that the most suitable timing for this CEO succession was at the beginning of a new fiscal year and as such the business plan, new strategic initiatives, and global executive team are fully in place, aligned and accountable for future business performance.”

Mr Dowd brings to MajescoMastek over 30 years of broad executive experience that includes successfully leading large international operations for technology and business services corporations. His earlier assignments include a senior role at EDS where between 2001 and 2005 he led two regions of EDS’ global operations, Canada and Greater China / Korea. The Canadian subsidiary had over 7000 employees and revenues of around a C$1 billion. In 2005, EDS Canada was recognized as the ‘Global Region of the Year’ based upon achieving the highest global profit performance, highest customer service award, highest employee satisfaction results and the pioneering a global diversity initiative. Prior to EDS, Mr Dowd spent over 23 years in Xerox in various cross functional executive roles including product and services sales, technical service, business operations, product development and worldwide marketing.

“Today, MajescoMastek is uniquely positioned for significant growth and get recognized as a force to reckon with within the Insurance and Government verticals across major markets. Its core strengths and capabilities in successfully executing complex programmes, creating and leveraging intellectual property, and delivering world-class services are a great competitive advantage. I am very excited at the opportunity to realize the immense potential that the company has, and to focus its resources towards aggressive goals”, said Mr John Dowd.

About Majesco

Majesco is a provider of core insurance technology software and IT services to insurance carriers (P&C and Life, Annuity, Group) globally. Majesco delivers proven software solutions and IT services in core insurance areas including policy administration, billing, claims and distribution.

Media Contact

Majesco
Tara Dilzer Alexander
Director, Marketing Communications and Creative Services
Phone: +1-718-916-6873
Email: tara.dilzeralexander@majesco.com

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