In the seventh top level exit in six months at Infosys, Subrahmanyam Goparaju, Senior Vice President and a member of the Executive Council that frames business strategy, has resigned.
Goparaju, who joined the company in 1998, was also heading Infosys Labs - the research and innovation division. With Goparaju's exit, Savio D'Souza will manage Infosys Labs' Service Differentiation Platform, while Anindya Sircar will look after the IP Cell. "Subrahmanyam Goparaju, Member of the Executive Council, has conveyed his intention to resign from the services of the company," Infosys said in filing with BSE.
Goparaju was also a part of the Executive Council, which includes the executive board and heads of key business units. As Head of Infosys Labs and IP Cell, Goparaju was responsible for the R~~amp;amp;D strategy and intellectual property management of the company. He was also responsible for all external research relationships with universities, research institutes and consortia. Infosys said in a statement that Goparaju's last day with the company will be December 27, 2013.
"Subu has been with Infosys for 25 years. We would like to thank Subu for his contribution and leadership, especially in building Infosys Labs." it added. "Both, Savio and Sircar will report to Chandrashekar Kakal. Prasad Joshi will lead the Technology Centres of Excellence and report to Pravin Rao," the statement said. Infosys has been witnessing an exodus of its senior-level executives in the past few months.
Last month, Stephen R Pratt the firm's Head of Utilities and Resources for North America had put in his papers. In September, Infosys Head of BPO sales in Australia Kartik Jayaraman and BPO Head Latin America Humberto Andrade had quit the company.
Ashok Vemuri who was heading the company's operations in the Americas put in his papers in August. Infosys Vice President and Financial Services Head for the Americas Sudhir Chaturvedi quit in the same month. In July, Global Sales Head Basab Pradhan had announced his decision to leave Infosys.
The exits come amidst organisational restructuring that company Executive Chairman N R Narayana Murthy is overseeing after returning to revive the sagging fortunes of the company in June. Earlier this month, Murthy in a meeting with analysts from financial research firm Cowen ~~amp;amp; Company said Infosys has "voluntarily decided to let less promising talent depart."
"The company believes it will be able to select its future CEO from a large pool of available senior managers. Having said that, in certain cases, advancement of company's most promising talent has been delayed by other less promising senior talent within the organisation.
"(As) per Murthy, in most cases, management was successfully able to keep promising senior talent, which was about to leave Infosys. On the other hand, management voluntarily decided to let less promising talent depart," Cowen ~~amp;amp; Company said.
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