Infosys CFO MD Ranganath resigns

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Bengaluru : India’s 2nd largest software exporter Infosys (NYSE: INFY)) today announced that the Board of Directors at its meeting today accepted the resignation of M.D. Ranganath as the Chief Financial Officer and a key managerial personnel. Ranganath will continue in his current position as Chief Financial Officer till November 16, 2018. The Board will immediately commence the search for the next Chief Financial Officer.

In tendering his resignation, Ranganath stated that, “After a successful career spanning 18 years in Infosys including as CFO for the last 3 crucial years, I now plan to pursue professional opportunities in new areas.” I am proud that over the last 3 years, during a critical phase of the company, we delivered strong and consistent financial outcomes, maintained high standards of financial reporting, built a world class finance team, further strengthened the company’s competitive position and thereby enhanced value to the stakeholders. I thank the Board, management team, my colleagues in the finance team and all the stakeholders for their wholehearted support during my tenure. I wish the management team all the best as I pursue opportunities outside the company.”

 

 

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