Warburg Pincus and Sequoia-backed Capillary Technologies announced that Sameer Garde, presently a board member and independent director at the artificial intelligence-based cloud-native software-as-a-solution (SaaS) products and solutions provider, will become the Chief Executive Officer taking over from the company’s cofounder Aneesh Reddy.
Cofounder and chief executive Reddy will transition to the role of vice chairman and managing director, the company said in a statement on September 28.
Garde is an alumnus of IIT Delhi and IIM Calcutta. He started his career with Nestle as an Area Sales Manager in India, and then worked with Whirlpool as a Regional Director for West in India and as a Brand Head in Western Europe. He then moved on to Dell India. In his most recent role, he was the President for Cisco in India. Under his leadership in Cisco, the company's India unit was amongst the fastest growing among countries globally.
“Capillary Technologies is a market leader in the loyalty and engagement space and has been acknowledged by leading industry analysts and Fortune 500 customers globally. I look forward to providing the guidance and vision for this new chapter in Capillary’s story,” said Garde.