SAN FRANCISCO, CA--(Marketwired - Jul 18, 2017) - Nexant, Inc., a global provider of technology enabled solutions to the Utility and Energy industries, announced today that it has appointed John Gustafson as the company's new CEO. Mr. Gustafson comes to Nexant from Cognizant Technology Solutions where he served as Vice President and Head of the Utility and Energy Business Unit. He has held similar leadership roles at other leading service and solution providers including Wipro, IBM, and others.

Mr. Gustafson is a recognized leader in the Utility and Energy Industry who has consistently delivered transformative growth in previous roles building businesses up to $500M in revenue. Mr. Gustafson has experience leading all aspects of strategy, operations, delivery, and sales and marketing. He brings a strong customer centric focus to creating growth and developing and delivering solutions to meet industry needs. He has significant experience in building a strong ecosystem of key strategic partners, advisors, and analysts to build awareness and drive growth in the market. He has worked closely with partners such as Oracle, SAP, Microsoft, IBM, GE, ABB, and other leading solution providers as well as leading advisors and analysts such as ISG, Everest, HfS, Avasant, IDC, Gartner, Ovum, and others.

"We are delighted to welcome John on board as CEO to scale Nexant to the next level. The Utility and Energy industries are going through transformative changes which present Nexant with an extraordinary market opportunity," said Arjun Gupta, Nexant Executive Chairman. "Over the last 5 years Nexant has invested significantly in developing iEnergy, Grid-360 and other advanced analytics and technology enabled solutions to help our clients address emerging opportunities in the areas of smart grid, distributed energy resources, and digital customer experience. John's experience in the Utility and Energy industries will be invaluable to bring our new solutions to market and to scale Nexant to the next level."

"We are very pleased to have someone of John's caliber to lead Nexant going forward," said Basem Sarandah, Nexant's founding CEO and Director. "John's track record of growing successful businesses is outstanding and we look forward to working with him to take advantage of the unprecedented opportunities in the Utility and Energy markets."

"I am very excited to join a great company like Nexant with amazing talent and an outstanding reputation. I look forward to working with the Nexant team to build on the foundation that has been created, and scale Nexant to the next level as a market leader in providing new and innovative solutions in the Utility and Energy industries," Gustafson said.