New Delhi – Clyde W. Ostler, 60, will join EXL’s Board of Directors as an independent director and will also serve on the Audit Committee and Compensation Committee of the Board of Directors. Mr. Ostler will replace Mr. Garen K. Staglin as a “financial expert” on the Audit Committee and he will also replace Mr. David B. Kelso on the Compensation Committee. Messrs. Staglin and Kelso will continue to serve on the other Committees of which they were members.
Mr. Ostler currently serves as Group Executive Vice President of Wells Fargo & Company where he is responsible for the Wealth Management Group and the Internet Services Group. Mr. Ostler joined Wells Fargo & Company in 1971 and has served in numerous roles during his tenure including General Auditor, Executive Vice President & Chief Financial Officer, and Vice Chairman in the Office of the President.
“I am excited to be joining a recognized leader in providing business solutions to winning multinational corporations, especially in the increasingly important area of global outsourcing and transformation of key business processes,” commented Mr. Ostler.
Steven B. Gruber, Chairman of the Board of EXL, commented: “We are looking forward to having Clyde join EXL’s Board of Directors. Clyde’s significant experience and recognized industry leadership in financial services will complement our existing board of directors and will be a tremendous asset to EXL.”
Vikram Talwar, CEO and Vice-Chairman of EXL, commented: “As a senior leader at one of the most successful global banking institutions, Clyde will serve as invaluable counsel to EXL management as we continue to execute on our ambitious growth plans.”
Commenting on Mr. Ostler’s appointment, Rohit Kapoor, President and Chief Operating Officer of EXL stated that “We are delighted that Clyde has decided to join our board and further strengthen our corporate governance structure. We look forward to leveraging Clyde's vast experience in Corporate Finance that would guide us in our strategic initiatives.”
