Oracle Financial Services Software Limited is reshaping its leadership slate in a move that blends external insight with internal succession. The company’s board approved the appointment of Andrew Mark Morawski as an Additional Non-Executive Director, effective July 22, 2026, and signaled a broader governance refresh as it navigates a leadership transition. In tandem, Makarand Padalkar is set to step down as Managing Director and Chief Executive Officer at the end of July 23, 2026, with the board expressing appreciation for his contributions and a commitment to a smooth handover. The organization also announced governance refinements and a management reshuffle designed to align strategy with the next phase of growth.
Morawski, Executive Vice President of Global Programs at Oracle, brings a portfolio spanning Oracle Financing, Open Source and Global Partnerships, and a track record of steering multi-billion-dollar initiatives across global markets. His appointment adds a cross-border perspective to the board, complementing Oracle’s long-standing enterprise footprint and signaling Oracle Financial Services Software Limited’s intent to accelerate customer-centric innovation and strategic partnerships in a rapidly evolving technology landscape.
To strengthen internal leadership, Avadhut Ketkar, currently Chief Financial Officer, has been approved as an Additional Director to serve as Managing Director and Chief Executive Officer for a three-year term from July 24, 2026 to July 23, 2029, subject to shareholder approval. Manish Bhandari, who has been serving as Chief Accounting Officer, will assume the role of Chief Financial Officer with effect from July 24, 2026. The changes accompany a reconstitution of key board committees—Risk Management, Corporate Social Responsibility, Stakeholders Relationship and Audit—positioning the board to oversee a broader, more integrated governance framework as the company pursues its strategic objectives.
The committee reshuffle places Ketkar in the leadership mix alongside long-standing directors, as the company sharpens oversight of risk, stakeholder engagement and financial governance. The moves reflect OFSS’s emphasis on sustaining growth, fostering a strong governance culture, and ensuring continuity as the executive team charts the path forward for the organization’s next chapter.