Infosys on Wednesday saw its tenth high-profile exit, less than a year after executive chairman NR Narayana Murthy returned to head the IT major on June 2 last year, with president BG Srinivas stepping down. The development is dramatic given Srinivas, a 15-year veteran at the company, was among those expected to succeed the current CEO SD Shibulal, who retires in March next year.
The other insider with a chance is UB Pravin Rao, senior vice-president and global head of retail, CPG, logistics and life sciences. Rao and Srinivas were appointed presidents in January and subsequently the executive council was dissolved. “A strong indication was given to Srinivas that he will not be the sole internal candidate and there could be others in the race. This may also include people reporting into him,” a source said. It is also understood that three other business vertical heads would be exiting soon.
Infosys is understood to have interviewed eight internal candidates for the CEO’s post while simultaneously entrusting executive search firm Egon Zehnder with the task of hunting for a suitable successor.
Other one-time contenders for the top job who have quit are V Balakrishnan, who headed the BPO business, and Ashok Vemuri, global head of manufacturing and the Americas. FE