9:25 PM
Infosys CEO contender B G Srinivas resigns; tenth top level exit
IN AN unexpected turn of events, Infosys Board Member and President. B G Srinivas. considered a front-runner for the CEO position, has quit. The resignation of Srinivas. who led key portfolios including financial services, manufacturing and public services, will be effective June 10. This is the tenth top-level exit from the Bengaluru-based company since the return of co-founder N R Narayana Munhy at the helm of affairs in June last year. Srinivas and U B Pravin Rao. both presidents and board members, were considered to be among the top contenders for the job of CF.O when S D Shibhulai retires by January 9. 2015. Srinivas. who joined Infosys in 1999, was elevated to the post of President earlier this year in January.
Infosys. in a statement said: "The Board of Directors placed on record their deep sense of appreciation for the services rendered by B G Srinivas during his tenure as Member of the Board and for his contribution to the company." Another CEO contender. V Balakrishnan. its former CFO and Lodestone Head, had quit in December last year to pursue political aspirations.
In March this year. Infosys Operational Head (India business unit) Chandrashekar Kakal resigned from the country's second largest software services exporter. He has now joined L&T Infotech as COO.
Infosys. in a statement said: "The Board of Directors placed on record their deep sense of appreciation for the services rendered by B G Srinivas during his tenure as Member of the Board and for his contribution to the company." Another CEO contender. V Balakrishnan. its former CFO and Lodestone Head, had quit in December last year to pursue political aspirations.
In March this year. Infosys Operational Head (India business unit) Chandrashekar Kakal resigned from the country's second largest software services exporter. He has now joined L&T Infotech as COO.
Posted in: News 2014
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