Ashok Vemuri,head of Infosys North America,quits

Infosys Limited witnessed its third major exit in senior management in less than two months.

Written by Johnson T A | Bangalore | Published: August 29, 2013 1:59 am

Infosys Limited witnessed its third major exit in senior management in less than two months on Wednesday with a member of board and a key figure in the company’s financial services and manufacturing verticals for the US market,Ashok Vemuri,leaving the company.

Vemuri,tipped at one point of time as the front runner for the post of CEO when the last of the founder CEOs steps down,was Infosys’ main man in the US markets for several years.

“Ashok has been an integral part of the Infosys journey over the last fifteen years. He has played a significant role in building the company’s market leadership in the financial services and manufacturing verticals and in North America,’’ Infosys said in a statement.

The exit of Vemuri comes close on the heels of the exit of two other top management figures in the over $8 billion company — both linked to the financial services and US markets in the Infosys hierarchy. In July this year,the company’s global sales,marketing and alliances head,Basab Pradhan,ended his second stint at Infosys. Three days ago the US head of the Infosys financial services business,Sudhir Chaturvedi,had announced its exit.

The three high profile exits from Infosys has come in the aftermath of the return from retirement of company founder NR Narayana Murthy to the board room as executive chairman in June this year and a resultant upheaval in the top management in the company.

Murthy who retired from the company at the age of 65 in 2011,returned to Infosys this year to guide the company with his son Rohan Murty as his executive assistant. The Infosys founder has been carrying out an exercise of centralising power in the company since returning as chairman. Infosys has announced a transition plan for the exit of Vemuri. “Sanjay Jalona,currently the Regional Head for Manufacturing in North America,will take over as the Global Head of Manufacturing,Infosys,’’ the company said.

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