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

REUTERS SHOWCASE

Economic Pulse

Economic Pulse

New govt promises low and stable tax regime for economic revival.  Full Article 

Global Growth

Global Growth

IMF cuts outlook, warns of stagnation risk in rich nations  Full Article 

Market Eye

Market Eye

Nifty retreats from record highs on profit taking.  Full Article 

Waning Enthusiasm

Waning Enthusiasm

Markets' post-election enthusiasm lost on consumers.  Full Article 

Banking Sector

Banking Sector

Banks not allowed to trade in bonds for infra lending - RBI.  Full Article 

Gold Imports

Gold Imports

Govt has no proposal to reduce gold import duty.  Full Article 

Reuters India Mobile

Reuters India Mobile

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