Rajesh Murthy: Infosys President Rajesh Murthy quits, Technology News, ETtech
Senior executive Rajesh Murthy has resigned from his post as a president at Infosys, marking the first top-level exit at the company since new CEO Salil Parekh took charge this month.Jochelle Mendonca | ET Bureau | January 13, 2018, 09:33 IST
Senior executive Rajesh Murthy has resigned from his post as a president at Infosys, marking the first top-level exit at the company since new CEO Salil Parekh took charge this month.
Murthy, who has worked at Infosys for over 25 years, is leaving for 'personal reasons' the company said. His last working day will be at the end of the January.
Chairman Nandan Nilekani - who hired Murthy in 1990 - thanked the outgoing president and said that Murthy was "dealing with personal challenges which require him to spend more time in Paris (where he is based) and with his travel schedule this was a challenge. We wish him all the best."
Murthy was promoted to president in 2016, at a time when the company was facing a slew of executive exits. He was responsible for Energy, Utilities, Telecommunications and Services.
He also led the consulting and European business for Infosys.
CEO Parekh said he would review the portfolio to decide who will take over Murthy's role.
"People always have multiple choices. He expressed a desire to leave. It is sad when people leave but it also gives people the opportunity to step up. We have a strong management bench strength," UB Pravin Rao, chief operating officer of Infosys, said.
at the company's post-earnings press conference on Friday.
Last June, Sandeep Dadlani was the first of Infosys' four presidents to quit the company.
In recent years there have been a slew of top level exits at the software giant which has weathered a prolonged spell of management upheaval, including the abrupt departure of former CEO Vishal Sikka in August 2017.
Analysts said they would wait-and-watch before considering the implications of Murthy's exit.
"Infosys needs stability right now if it plans to execute the strategy," an analyst with a Mumbai brokerage told ET.
Tags : People, Rajesh Murthy, Infosys, Salil Parekh, Vishal Sikka
Rajesh Murthy: Infosys President Rajesh Murthy quits, Technology News, ETtech
Senior executive Rajesh Murthy has resigned from his post as a president at Infosys, marking the first top-level exit at the company since new CEO Salil Parekh took charge this month.Jochelle Mendonca | ET Bureau | January 13, 2018, 09:33 IST
Senior executive Rajesh Murthy has resigned from his post as a president at Infosys, marking the first top-level exit at the company since new CEO Salil Parekh took charge this month.
Murthy, who has worked at Infosys for over 25 years, is leaving for 'personal reasons' the company said. His last working day will be at the end of the January.
Chairman Nandan Nilekani - who hired Murthy in 1990 - thanked the outgoing president and said that Murthy was "dealing with personal challenges which require him to spend more time in Paris (where he is based) and with his travel schedule this was a challenge. We wish him all the best."
Murthy was promoted to president in 2016, at a time when the company was facing a slew of executive exits. He was responsible for Energy,
 Utilities, Telecommunications and Services.
He also led the consulting and European business for Infosys.
CEO Parekh said he would review the portfolio to decide who will take over Murthy's role.
"People always have multiple choices. He expressed a desire to leave. It is sad when people leave but it also gives people the opportunity to step up. We have a strong management bench strength," UB Pravin Rao, chief operating officer of Infosys, said.
at the company's post-earnings press conference on Friday.
Last June, Sandeep Dadlani was the first of Infosys' four presidents to quit the company.
In recent years there have been a slew of top level exits at the software giant which has weathered a prolonged spell of management upheaval, including the abrupt departure of former CEO Vishal Sikka in August 2017.
Analysts said they would wait-and-watch before considering the implications of Murthy's exit.
"Infosys needs stability right now if it plans to execute the strategy," an analyst with a Mumbai brokerage told ET.
Tags : People, Rajesh Murthy, Infosys, Salil Parekh, Vishal Sikka