Persistent Systems’ O’Connor steps down as CEO, cites personal reasons

Christopher ‘Chris’ O’Connor on Monday announced his resgination as chief executive officer and executive director of Persistent Systems.

O’Connor, who joined the Pune-based firm in February last year, informed the departure was due to personal reasons and there was no material reason behind the resignation, according to Pune-based firm’s exchange filing. The resignation has been accepted by the company.

O’Connor was previously worked as a senior executive at IBM’s internet of things (IOT) division before joining Persistent Systems.

Persistent Systems surprised the street with better-than-expected results in the April-June quarter on account of greater cloud migration from clients. Profit of the mid-tier IT services company stood at Rs 90 crore, up 9.1 per cent year-on-year and 7.4 per cent on a sequential basis.