IndiaCatalog.com
India News
Search Web Directory
News Home
BG Srinivas, Ashok Vemuri front runners for Infosys CEO post
Posted on 7th November 2017
Mumbai | Bengaluru: Former Infosys executives BG Srinivas and Ashok Vemuri are the frontrunners to be the IT company's chief executive, even as the firm explores creating a deputy CEO role to ensure management continuity, said people with knowledge of the matter.

The Bengaluru-headquartered company is not having an easy time picking a new leader after former CEO Vishal Sikka resigned in August following a bruising battle with founder NR Narayana Murthy over corporate governance issues. Cofounder Nandan Nilekani returned to the company as non-executive chairman to steady operations.

Infosys has interviewed a slew of candidates, including some executives from Oracle and Google, a top company executive said.

"It's not an easy task for the board. There are various ifs and buts that come up when a candidate is discussed. The problem in Infosys is that the company is seen as having multiple power centres. While Nilekani has acceptance, he is seen as a founder. The board, which was redone recently, has older and new members who have seen the turmoil over several management changes," he said.

"Several candidates want assurance of non-interference by the founders." Candidates are also concerned about the reputation risks that would be involved in managing the company after Sikka faced fire for the Panaya acquisition and other operational decisions, he said.

According to an external consultant who has worked closely with Infosys for several years, Sikka was perhaps the last chance the company had of attracting outside talent for the top job. Two prospects cited promoter-interference and operational mess as reasons to not consider applying for the post of Infosys CEO, he said.

This has required Infosys to look at the Infosys alumni for potential candidates.

Srinivas, who is group managing director at Hong Kong-listed PCCW Ltd, was a president at Infosys when he left the company in 2014 and had extensive experience in its Europe business as well as in manufacturing and engineering services.

Related Companies: Infosys Technologies Limited   

Other Latest News
Bharti Airtel defers Q2 results till Nov 14 over ambiguity on AGR verdict
Posted on 29th October 2019

Bharti Airtel said on Tuesday it has postponed its second-quarter earnings report to mid-November, as the wireless operator sought clarity on the court ruling asking telecom firms to cough up overdue payments to the government.

Shares of the company, which was expected to release its quarterly numbers later in the day, dropped 3.3 per cent in early trade.


Rupee slips 8 paise vs US dollar in early trade amid drop in oil prices
Posted on 7th October 2019
The rupee on Monday opened eight paise lower at 70.96 against the US dollar amid drop in crude oil prices and rise in Asian equities. The domestic unit on Friday closed almost flat at 70.88 against after the Reserve Bank of India (RBI) in a widely expected move cut key interest rates by 0.25 percentage point.

On a weekly basis, the local unit slumped by 32 paise.


LIC pips private insurers in first-year premium growth during April-August
Posted on 13th September 2019
In the first five months of the current financial year, first-year premiums of life insurance companies grew by 39.84% (year-on-year) at Rs 1.05 lakh crore as compared to Rs 75,588.35 crore in April-August of 2018-19.

Life Insurance Corporation of India (LIC) continued to grow at a faster pace compared to private insurance players, shows the data from the Insurance Regulatory and Development Authority of India (Irdai).


Apollo Hospitals rules out further stake sale
Posted on 13th September 2019
Apollo Hospitals Enterprise (AHEL) has ruled out further dilution of promoters’ stake in the company. The company also said its Rs 1,337-crore stake sale of Apollo Munich Health Insurance with mortgage major HDFC will be concluded by October. Following these stake sales, the promoters’ pledged position will come down from a high of 76% to 54% by October and eventually to 20% by November or December, company sources said here.

World trusts India on Kashmir, not us: Pakistan minister Ijaz Ahmed Shah
Posted on 13th September 2019
In a major embarrassment for Pakistan and its Prime Minister Imran Khan, the country's Interior Minister Ijaz Ahmed Shah, a retired brigadier, said the international community didn't believe Pakistan's narrative on Kashmir; instead it is India whose version is trusted.

» Post a FREE Classified Advertisement
Inviting Real Estate Agents, Job Placements Agents, Educational Institutes, Software Service Providers, Real Estate Builders, Marriage Bureaus, Travel Agents, Restaurant Owners, Health & Fitness Centers and other Local Businesses to Post a FREE Classified Advertisement on Cootera.com Classifieds Website.
Jobs in India India Real Estate Automobiles Matrimonials Beauty & Fitness

Add a comment for BG Srinivas, Ashok Vemuri front runners for Infosys CEO post
Please only use this form to enter comments on the above company. All comments are reviewed before they are displayed on the web site. Not all comments may be displayed. Check back with us to see if your comments have been displayed.
If you want us to email the comments posted by users, please Subscribe by email
Name*
Comments*
Security Code*
 

Be the first person to write a business review for BG Srinivas, Ashok Vemuri front runners for Infosys CEO post

Most Read News

More India News

Photo Gallery

Keerthy Suresh(13 Images) Keerthy Suresh
Richa Panai(11 Images)Richa Panai
Ritu Varma(10 Images) Ritu Varma
  India Web Directory
Business Profiles
Yellow Pages
Photo Galleries
Global Web Directory
*** FREE India Classifieds
Order Premium Listings
Submit a Site
Business Reviews
Home
About us
Link to us
Advertise
Contact us
Google Search Keywords: India Catalog, IndiaCatalog, India Web Directory
    © 1999 - 2026 IndiaCatalog.com
    All Rights Reserved
Privacy Statement