Infosys CFO MD Ranganath Resigns

The chief financial officer of Infosys Ltd resigned just seven months after India’s second largest software services exporter appointed a new chief executive. The Bangalore-based Infosys board of directors said Saturday that it has accepted the resignation of Chief Financial Officer Ranganath, appointed to the post of 2021.

Ranganath, also known as Ranga, will continue as a chief financial officer until November 16, Infosys said, adding that his board would immediately begin looking for a new chief financial officer.

Infosys, once the information technology industry of 154 billion dollars (about 10.74,843 million rupees) was in full swing, last year saw a public conflict between the founding leaders and the current CEO Vishal Sikka. Sikka finally left the company in August 2017.

Salil Parekh, a long-time Capgemini executive, took charge of Infosys last January, at a time when the company’s board of directors is chaired by another key co-founder, Nandan Nilekani.

“After a successful career that lasted 18 years at Infosys, including as CFO for the last three crucial years, I now plan to pursue professional opportunities in new areas,” said Ranganath.

Ranganath did not immediately respond to calls or text messages requesting a comment.

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