Infosys has promoted three senior employees to a key decision-making council, thereby also providing the first glimpses of the people who will be implementing the turnaround strategy devised by chairman NR Narayana Murthy.
India’s second-largest software company told stock exchanges that Ranganath D Mavinakere, Binod Hampapur Rangadore and Nithyanandan Radhakrishnan have been appointed as members of the executive council, effective immediately. The council comprises the senior-most members of the management team. Mavinakere and Rangadore are a part of the chairman’s office, Murthy’s inner circle comprising his closest advisers. Included is this office is Rohan Murty, the son of the Infosys cofounder who joined as executive assistant to his father in June when Murthy made a comeback. M
avinakere heads the “cost optimisation” initiative. Rangadore is charge of the “new global delivery model” that information technology services companies rely on to have work carried out both at clients’ locations and in India. Mavinakere , an alumnus of Indian Institute of Management, Ahmedabad, and Indian Institute of Technology, Madras, was the company’s chief risk officer in his last assignment. Nithyanandan Radhakrishnan, an alumnus of National Law School in Bangalore, is senior vice-president and general counsel.
As members of the council they will be entitled to an allowance of $150,000 per annum (Rs 93 lakh), Infosys informed the stock exchanges. Rangadore has worked as head of the India business and corporate relations till 2012, before leaving the company. After Murthy’s appointment as executive chairman, ET had reported his attempts to impress upon senior executives who had resigned to return to the Infosys fold.
“Murthy has highlighted cost optimisation as one of the priorities, so focus on delivery and costs in executive council is an extension of that. I expect they would drive industrialisation in delivery. Also given the legal challenges, Infosys and other companies in this sector are facing and visa reform in the US, it is useful to have a legal person on the executive council,” said Ankur Rudra of Ambit Capital.