Majesco announced that it has appointed Adam Elster as Chief Executive Officer, effective October 1, 2018. Ketan Mehta, Majesco Co-Founder and current CEO, has decided to retire from the operational role after 36 years of service and will continue to serve the company as the Chairman of the company's Board of Directors. Adam has a strong background in the technology industry and most recently served as President, Global Field Operations of CA Technologies.

There he led high-performing teams in all aspects of sales, services, support and operations. He supported many of the large companies through their digital transformation journey, helping them become more agile, more secure and more capable of managing their business. He was responsible for revenue across all geographies, business units, channels, digital sales, renewals and services globally.

Dr. Maheshwari will continue to serve as a director of the company after passing on the Chairman role to Ketan Mehta.