Infosys announced the formation of its new Executive Council (EC) team replacing the one that existed so far. The new EC will take charge at the start of new financial year.
Infosys founder, NR Narayana Murthy, made this announcement in Bengaluru on March 28. The new team is slated to take charge on April 1 - the start of financial year 2014-15. The company notified the US SEC about the change saying, "As reported previously by the company, the executive council will be dissolved effective April 1, 2014. Pursuant to this, effective April 1, 2014, the company will have nine executive officers."
The members of the newly formed council will have the Infy founder NR Narayana Murthy (Executive Chairman of the board), co-founder S Gopalakrishnan as Executive Vice-Chairman, and co-founder SD Shibulal as CEO and Managing Director.
Rest of the council will comprise Srinath Batni, Pravin Rao, BG Srinivas, Rajiv Bansal as Chief Financial Officer, Parvatheesam K as Chief Risk Officer and Company Secretary, and Srikantan Moorthy the Senior Vice-President, Group Head -HRD.
In an earlier rejig, Infosys went for some restricting in October 2013 when the company added more members to the executive council. After the changes, there were 30 members in the council. This new changes has reduced the council strength to less than a third.
Among the members of new council, Shibulal and Gopalakrishnan will reach the age of 60 in a year and may have to retire. Srinath Batni is likely to retire soon in this November, making a room for some more new members.
The company has plans to get a new CEO by the end of next financial year. For now, Infy EC has two members designated as President - BG Srinivas and Pravin Rao. This could very well be a race for the top slot.
To avoid any conflict of interest, Srinivas heads BFSI and European and other global markets. Pravin Rao heads global delivery and innovation in service for segments such as consumer goods, logistics and life sciences, and retail.
It must be noted that return of Murthy to Infosys executive chairman triggered many resignations ever since. The most recent resignation was that of Chandrashekar Kakal who was the Senior Vice-President and an EC member.
Infosys founder, NR Narayana Murthy, made this announcement in Bengaluru on March 28. The new team is slated to take charge on April 1 - the start of financial year 2014-15. The company notified the US SEC about the change saying, "As reported previously by the company, the executive council will be dissolved effective April 1, 2014. Pursuant to this, effective April 1, 2014, the company will have nine executive officers."
The members of the newly formed council will have the Infy founder NR Narayana Murthy (Executive Chairman of the board), co-founder S Gopalakrishnan as Executive Vice-Chairman, and co-founder SD Shibulal as CEO and Managing Director.
Rest of the council will comprise Srinath Batni, Pravin Rao, BG Srinivas, Rajiv Bansal as Chief Financial Officer, Parvatheesam K as Chief Risk Officer and Company Secretary, and Srikantan Moorthy the Senior Vice-President, Group Head -HRD.
In an earlier rejig, Infosys went for some restricting in October 2013 when the company added more members to the executive council. After the changes, there were 30 members in the council. This new changes has reduced the council strength to less than a third.
Among the members of new council, Shibulal and Gopalakrishnan will reach the age of 60 in a year and may have to retire. Srinath Batni is likely to retire soon in this November, making a room for some more new members.
The company has plans to get a new CEO by the end of next financial year. For now, Infy EC has two members designated as President - BG Srinivas and Pravin Rao. This could very well be a race for the top slot.
To avoid any conflict of interest, Srinivas heads BFSI and European and other global markets. Pravin Rao heads global delivery and innovation in service for segments such as consumer goods, logistics and life sciences, and retail.
It must be noted that return of Murthy to Infosys executive chairman triggered many resignations ever since. The most recent resignation was that of Chandrashekar Kakal who was the Senior Vice-President and an EC member.
Source: Hindi News
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