Charlotte, Chaks Karuturi, Chapter Director

Phone : (614) 256-3571

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Chaks Karuturi is an experienced Consultant in Strategic/Financial Planning and Performance Management.  He has over 30 years of leadership and management experience in four blue chip companies, namely Xerox, Bank of America, AT&T and most recently, IBM.  His positions included CFO of the software business and finance VP of the services business at Xerox, Senior Vice President of productivity and quality at Bank of America, VP of Finance, Compliance and Administration of the Sterling Commerce business at IBM, and Managing Director of the India operations of Sterling Commerce while at AT&T.

He led the due diligence process that led to the acquisition of Sterling Commerce by IBM from AT&T in 2010.  He also led the Strategic Planning, Compliance and Administration functions including Procurement and Real Estate operations.  As the VP of Financial Planning & Analysis, he was responsible for developing the three-year strategic and one-year tactical plans, working with the senior management team.  While at Sterling, Chaks was also on a two year expatriate assignment in India as the Managing Director of its India operations located in Bangalore, which is the Center of Excellence for Product Development, Professional Services, Customer Support and Shared Services.

Prior to joining Sterling Commerce, Chaks was a senior executive with diverse management experience in the services and outsourcing businesses at Xerox and Bank of America.  His responsibilities included Finance, M&A, Strategic Planning, Performance Management, Pricing, Contract Marketing, Customer Administration, Project Management, Quality and Productivity.  He is a certified Six Sigma Black Belt and has excellent analytical, problem-solving, decision-making, process improvement and communications skills. Chaks completed his Bachelor’s in Technology from Indian Institute of Technology, Kharagpur, India, a Master’s degree in Engineering from Northwestern University and an MBA in Finance from University of Rochester, NY.

His accomplishments at Xerox include the negotiation and establishment of an international joint venture with Japan, an outsourcing services business in India, and a new organization in the U.S for back-office operations.  He also restructured the software business and led the re-engineering effort to centralize customer administration processes for the Xerox services business.  At Bank of America, he established benchmark planning and performance management processes with Balanced Scorecards and key metrics for the CEO, top executives and key businesses.  At Sterling Commerce, he grew its India operations by over 30% in two years, while maintaining a very high retention rate.