Exit Roll: In­fosys Loses One More of its Top Dogs

Pres­i­dent of IT gi­ant was con­sid­ered a fron­trun­ner to be the first non-founder CEO

The Economic Times - - Front Page - OUR BUREAU

Newly el­e­vated pres­i­dent BG Srini­vas has joined the pro­ces­sion of se­nior ex­ec­u­tives turn­ing their backs on In­fosys, putting pres­sure on founder NR Narayana Murthy to demon­strate that his re­turn to the soft­ware com­pany is do­ing more good than harm. Since Murthy’s re­turn as chair­man a year ago, sen­ti­ment about In­fosys has con­tin­ued to sag and there has been no dra­matic im­prove­ment in per­for­mance ei­ther, prompt­ing ques­tions about the wis­dom of his re­call and adding ur­gency to the search for a chief ex­ec­u­tive to re­place SD Shibu­lal. “The con­tin­u­ing news flow on de­part­ing se­nior In­fosys ex­ec­u­tives leaves many in­dus­try watch­ers baf­fled,” said Thomas Re­uner, prin­ci­pal an­a­lyst at Ovum, a con­sul­tancy.

Srini­vas’ de­ci­sion to leave, ob­servers said, is linked to the on­go­ing search for a chief ex­ec­u­tive of­fi­cer to re­place Shibu­lal. A 15-year vet­eran of In­fosys who was over­see­ing most of In­fosys’ client-fac­ing func­tions, Srini­vas, who was made one of the com­pany’s two pres­i­dents in Jan­uary, was con­sid­ered by many to be a fron­trun­ner for the job. But he was likely told that he was not in con­tention, prompt­ing his de­ci­sion to leave. In­fosys did not im­me­di­ately an­nounce a re­place­ment. Srini­vas will stay on un­til June 10. Last month, In­fosys ap­pointed US-based De­vel­op­ment Di­men­sions In­ter­na­tional, a specialist in ex­ec­u­tive eval­u­a­tions, to present the nom­i­na­tions com­mit­tee of the board with a slate of in­ter­nal can­di­dates. Ex­ec­u­tive search firm Egon Zehn­der will come with a shortlist of ex­ter­nal can­di­dates. On Tues­day, ET re­ported that the In­fosys board has fin­ished eval­u­at­ing eight in­ter­nal can­di­dates, in­clud­ing Srini­vas and UB Pravin Rao, a pres­i­dent who over­sees most de­liv­ery op­er­a­tions. The com­pany is await­ing a list of ex­ter­nal can­di­dates from the search firm. People close to Srini­vas said he was up­set that the job had been thrown open to so many In­fosys ex­ec­u­tives.

Sud­hir Chaturvedi

Ashok Ve­muri

Hum­berto Andrade

Kar­tik Ja­yara­man

Paul Gottsegen

S Goparaju

C Kakal

BG Srini­vas

Basab Prad­han

Stephen Pratt

V Balakr­ish­nan

N Rad­hakr­ish­nan

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