HCL Technologies , a leading global IT services company, announced the retirement of Thomas Sieber from its Board of Directors. Sieber, who served as an Independent Director, concluded his tenure on August 26, 2025, marking the end of a significant chapter in the company's leadership.

A Legacy of Global Growth and Strategic Guidance

Thomas Sieber, who held the position with the Director Identification Number (DIN) 07311191, played a crucial role in shaping HCL Technologies' global growth strategy. The company's Board of Directors acknowledged Sieber's valuable contributions, noting that his insights and guidance were instrumental in establishing a strong foundation for the future of HCL Technologies.

Retirement Coincides with Annual General Meeting

Sieber's retirement was formally announced during HCL Technologies' 33rd Annual General Meeting (AGM), which was held virtually on August 26, 2025. The AGM, attended by 182 members, addressed various company matters, including the adoption of financial statements and the re-appointment of key personnel.

HCL Technologies' Continued Success

Despite Sieber's departure, HCL Technologies remains in a strong position. During the AGM, Chairperson Roshni Nadar Malhotra highlighted the company's achievements, including:

• Marking the 25th anniversary of its IPO on January 11, 2025
• Delivering best-in-class revenue growth for the second consecutive year, despite global economic challenges
• Launching comprehensive AI offerings to help clients leverage new technologies
• Maintaining a commitment to sustainability, with efforts to achieve Net Zero status by 2040

Looking Ahead

As HCL Technologies bids farewell to Thomas Sieber, the company continues to focus on its growth trajectory. With a strong emphasis on AI, cloud technologies, and sustainability, HCL Technologies is poised to navigate the rapidly evolving tech landscape.

The retirement of Thomas Sieber marks the end of an era for HCL Technologies, but the foundation he helped build is expected to support the company's continued success in the global IT services market.

HCL Technologies , a global leader in technology services, has announced a strategic partnership with Thought Machine, a cloud-native banking technology innovator. This collaboration aims to accelerate the modernization of banks worldwide, leveraging artificial intelligence (AI) and cloud technologies.

Transforming Legacy Banking Systems

The partnership between HCLTech and Thought Machine focuses on enabling banks to swiftly transition from outdated systems to intelligent, autonomous financial institutions. At the core of this transformation is Thought Machine's Vault platform, which offers next-generation core banking and payments technology.

Key Features of the Partnership

• Cloud-Native Architecture: Thought Machine's Vault platform will replace legacy infrastructure, allowing banks to automate key operations and enhance efficiency.
• Personalized Customer Experiences: The new system aims to deliver tailored services to bank customers.
• Comprehensive Transformation Services: HCLTech will provide full-stack transformation services through Vault-certified delivery teams and global fintech Centers of Excellence (CoEs).
• DevSecOps Foundation: A robust DevSecOps foundation will support rapid innovation and faster product launches.
• Dedicated Global CoE: HCLTech will establish a dedicated global Center of Excellence for Vault Core and Vault Payments.

Benefits for the Banking Sector

This collaboration is set to benefit both established banks and new challengers by enabling them to:

• Build agile and resilient ecosystems
• Adopt truly digital-first models
• Break free from legacy constraints
• Reduce operational friction
• Accelerate time to market for new products and services

Executive Insights

Randy McFarlane, Global Head of Partnerships at Thought Machine, stated, "Our global partnership with HCLTech marks a significant step in helping banks break free from legacy constraints and adopt truly digital-first models."

Sudip Lahiri, Executive Vice President and Head of Europe and UKI, Financial Services at HCLTech, commented, "This collaboration reflects our vision to lead the future of autonomous banking through cloud, data and AI. By joining forces with Thought Machine, we will help banks unlock exponential value, reduce operational friction and accelerate time to market."

About HCLTech

HCLTech is a global technology company with over 223,000 employees across 60 countries. The company specializes in digital, engineering, cloud, and AI capabilities, serving various industries including Financial Services, Manufacturing, Life Sciences and Healthcare, High Tech, Semiconductor, Telecom and Media, Retail and CPG, and Public Services.

This partnership between HCLTech and Thought Machine represents a significant step forward in the digital transformation of the banking sector, promising to deliver more efficient, personalized, and future-ready financial services to customers worldwide.