Infosys shifts its CFO back to India after 6 months

In what could be a clear sign of departure from former CEO Vishal Sikkas US-centric policies, Infosys has shifted its Chief Financial Officer M D Ranganath back to India. The new development comes in the wake of new CEO and MD Salil Parekh taking charge at Indias second largest IT services exporter on January 2. Ranganath also reported at the companys headquarters in Bengaluru on the same day. "I have moved back to India.

It has been almost two weeks, since Salil took over the charge," Ranganath told DH. In July 2017, Ranganath was shifted to the US by Sikka in order to be closer to the then CEO and clients. Sikka was based in the US. Although the company has not made any public announcement in this regard, DH has learnt that as Parekh would be based in India, so is Ranganath. As per the sources, it was because of the high client concentration in the US that had compelled Infosys to shift its CFO to the US.

Around two-thirds of its total revenues for third quarter ended December 31, 2017, came from the US. According to company sources, Ranganath would, however, be travelling quite frequently to the US. He is also likely to be inducted into the companys board soon, sources revealed. The company is soon expected to be inducting three more members on its board to take the board strength to 12. Currently, the company has nine members in the board, including its Non-Executive Cha...

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