New Delhi, Sept. 2 -- Hexaware Technologies Ltd on Wednesday ended chief executive officer (CEO) Ramakarthikeyan Srikrishna's 12-year tenure, naming EXL executive Vivek Jetley as his successor in a move that hands the leadership of the IT services company to an outsider.

Jetley previously headed a $1.4 billion business at EXL, overseeing its insurance, healthcare and life sciences segments. He had been with EXL for two decades, having joined the New York-headquartered business process outsourcing (BPO) firm in 2006.

Jetley was appointed CEO for a four-year term after Hexaware's 11-member board approved Srikrishna's resignation on Wednesday, choosing an external successor in an 18-minute meeting, according to a company statement.

"Vivek...