Infosys CFO Ranganath resigns: Report

WION Web Team
New Delhi, Delhi, India Published: Aug 18, 2018, 01:16 PM(IST)

File photo: Image showing a logo of Infosys. Photograph:( Reuters )

The Chief Financial Officer of Infosys MD Ranganath has resigned from the company which will be in effect from November 16.

India's second-biggest software services exporter, Infosys has also accepted the resignation but did not specify the reason behind the sudden departure of the 18-year old leader.

The company has already started a hunt for new CFO.

Ranganath's resignation came seven months after Infosys appointed a new Chief Executive Officer.

Infosys, once the bellwether of India's showpiece $154 billion IT industry, last year witnessed a public row between founding executives and then-CEO Vishal Sikka over alleged corporate governance lapses. Sikka eventually exited the company in August 2017. 

Salil Parekh, a long-serving Capgemini executive, took over as Infosys CEO in January this year, at a time the company's board is chaired by another key co-founder, Nandan Nilekani.

"After a successful career spanning 18 years in Infosys including as CFO for the last three crucial years, I now plan to pursue professional opportunities in new areas," the Infosys quoted Ranganath as saying in a statement.

(With inputs from news agencies)

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