Millennium Post
Business

Infosys suffers 9th top-level exit since Narayana Murthy’s return

‘On March 19, 2014, Chandrashekar Kakal, Senior Vice President and Member of the Executive Council, conveyed his intention to resign from the company effective April 18, 2014,’ Infosys said in a US SEC filing on Thursday. This is the ninth top-level exit at India’s second-largest IT services exporter since Narayana Murthy returned from retirement last June to head the firm and put it back on a high-growth trajectory.

While Infosys global sales head Basab Pradhan quit in July 2013, the firm’s global manufacturing head Ashok Vemuri resigned in August to join rival iGate as CEO. Stephen Pratt, who co-founded Infosys consulting, stepped down in November. In September, Infosys Head of BPO sales in Australia Kartik Jayaraman and BPO Head Latin America Humberto Andrade quit. A month earlier, Vice President and Financial Services Head for the Americas Sudhir Chaturvedi left.

Murthy has been making a series of changes at Infosys. Last month, he said Infosys, which employs 1.5 lakh people, may hand over pink slips to those who did not add value despite high salaries.
‘One of my tasks was to ensure the identified people who were getting very high salaries but not contributing as much as we wanted, were given opportunities where they can add value to the company or they could seek opportunities elsewhere,’ he said at a Bank of America Merrill Lynch investor conference.

‘Microsoft CEO’s post was beyond wildest dreams’

Bangalore: Becoming Microsoft CEO was beyond even the wildest dreams, said Satya Nadella, the India-born chief executive of the $78 billion global software giant. "Having grown up in India, the idea that I would have the opportunity to talk to all of you as CEO of Microsoft was beyond my wildest dreams. Admittedly, my interests at that time were a bit more focused on cricket than on technology," he said at the Microsoft Windows Azure Cloud Conference, 2014 that was video-cast to a gathering of developers, business and technology decision makers and IT professionals. Nadella replaced Steve Ballmer as the CEO of Microsoft in February this year.
Next Story
Share it