Infosys says another senior executive leaving

NEW DELHI Thu Mar 20, 2014 7:13pm IST

Employees of software company Infosys walk past Infosys logos at their campus in the Electronic City area in Bangalore September 4, 2012. REUTERS/Vivek Prakash/Files

Employees of software company Infosys walk past Infosys logos at their campus in the Electronic City area in Bangalore September 4, 2012.

Credit: Reuters/Vivek Prakash/Files

Related Topics

Stocks

   

NEW DELHI (Reuters) - A top executive at India's Infosys Ltd (INFY.NS) will leave the company next month, the No. 2 software exporter by revenue said on Thursday, adding to a spate of senior-level departures since co-founder Narayana Murthy returned to run the company.

Chandrashekar Kakal, a senior vice president and a member of the company's executive council, has conveyed his intention to quit, effective April 18, Infosys said in a filing to the stock exchanges. It did not give a reason for Kakal's resignation.

Murthy was brought back last June as executive chairman to revive the fortune of Infosys, which has suffered a string of disappointing earnings. However, his return has been followed by the departure of several senior executives including V. Balakrishnan, who had been tipped to become chief executive.

Infosys' revenue for the fiscal year ending March could grow at the lower end of its 11.5 to 12 percent projection, Murthy said this month, sending its shares down as much as 9 percent on a single day.

(Reporting by Devidutta Tripathy; Editing by Subhranshu Sahu)

FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

India-WTO Row

REUTERS SHOWCASE

Market Eye

Market Eye

Nifty falls most in nearly 3-1/2 weeks; Sensex down over 400 points  Full Article 

Factory Activity

Factory Activity

Factories post fastest growth for 17 months in July  Full Article 

Paying for Bail

Paying for Bail

Jailed Subrata Roy gets office to negotiate hotel sales.  Full Article 

Rupee Dips

Rupee Dips

Rupee posts biggest weekly loss since record lows in August.  Full Article 

Reviving Infosys

Reviving Infosys

CEO Sikka says to improve business with new growth avenues  Full Article 

Outlook Slashed

Outlook Slashed

ArcelorMittal cuts outlook as ore prices hit mining  Full Article 

Re-gaining Momentum

Re-gaining Momentum

China, Asian factory growth gathers pace; Europe falters  Full Article 

Factory Lockout

Factory Lockout

Pfizer says threats to managers force staff lockout at Mumbai factory .  Full Article 

Gold Smuggling

Gold Smuggling

In cat-and-mouse game, India uncovers new gold smuggling route.  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage