Infosys CFO Ranganath resigns

The Chief Financial Officer of Infosys Ltd has tendered his resignation just seven months after India’s second-biggest software services exporter appointed a new Chief Executive Officer.

Ranganath, also known as Ranga, will continue as CFO till Nov. 16 this year, Infosys said, adding that its board will immediately commence the search for a new CFO.

Infosys, once the bellwether of India’s showpiece $154 billion IT industry, last year witnessed a public row between founding executives and then-CEO Vishal Sikka over alleged corporate governance lapses. Sikka eventually exited the company in August 2017.

Salil Parekh, a long-serving Capgemini executive, took over as Infosys CEO in January this year, at a time the company’s board is chaired by another key co-founder, Nandan Nilekani.

“After a successful career spanning 18 years in Infosys including as CFO for the last three crucial years, I now plan to pursue professional opportunities in new areas,” the Infosys filing quoted Ranganath as saying.

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