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4 senior executives quit Infosys
By siliconindia
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Wednesday, 29 October 2003, 20:30 IST
MUMBAI: In less than six months, Infosys seems to have been hit by another round of exits at the senior management level. In the past few days, Mohan Sekhar, senior vice-president (delivery), North Americas, Ramesh M Adkoli, Asst VP-Delivery (Canada & North East Region) have put in their papers. Both are members of Infosys 39-member management council, reports Economic Times, a business daily in India.
Two other senior executives, Sajan A Mathew, Assistant VP (Mid-Atlantic Region) and GV Subramanyam, Associate VP, software engineering and technology labs, have also resigned, according to sources, but this could not be confirmed. An Infosys spokesperson confirmed that Mohan Sekhar and Ramesh Adkoli have left the company, but refused to comment on any other resignations.
The other two senior executives also belong to the 39-member management council of Infosys, as listed in the annual report of the company '02-03. "A couple of our senior people have left. We recognise their contributions to Infosys and respect them for their decision. As we grow and move on to become a billion dollar company, there will be some movement of people. But the depth and breadth of our management and the strength of our processes will ensure that business continues as usual," said the spokesperson. This is the second spate of exits to hit Infosys in the last six months. This time three of the executives who have quit belong to the delivery or implementation side of the company. These executives are in charge of executing software projects on the sites of their clients.
Earlier, in June, some senior executives and management council members, including GK Jayaram, director, Infosys Leadership Institute and Ayan Chatterjee, associate VP and regional manager-sales (western America region) quit along with some others like Jessie Paul (global brand manager) Infosys, Sanjay Viswanathan (business development manager, sales-in-charge of Public Sector Contracts) and Madhav Mohan, head of Canada Practice.
The daily quoting sources says that one reason for these resignations is that executives on the on-site delivery side of the business are not happy with their increments this year. While the company had rationalised the city and beeper allowances, it was not seen to be enough, a reason why the delivery side has been hit by resignations this time. (Source: ET)