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Ravi Venkatesan Resigns as Infosys Independent Director

12May By Lavina TolaniNo Comments

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Ravi Venkatesan Resigns as Infosys Independent Director

IT Major Infosys has announced the resignation of its independent director, Ravi Venkatesan which would mark the first board-level departure since Nandan Nilekani took over the chairmanship of the company more than eight months back. Ravi who became Independent Director in 2011 has decided to leave the company to acquire "an exciting new role", said the Bengaluru headquartered company in a statement. Venkatesan in a statement said, I joined the Board at a time when Infosys was beginning the complex journey of transitioning from founder-led to professional management. This was also a time of tectonic industry shifts. I am pleased that this mission has been accomplished. Infosys is strong, in good hands, and is gaining momentum. Venkatesan has considered his Infosys tenure to be "e...

Digital Business Now a Critical Element of the Market: Infosys CEO

Underlining the huge potential of the digital business, Infosys CEO and MD Salil Parekh today said it is a critical element of the market. Addressing journalists while announcing the third quarter results, Parekh said, "We are very clear in any case that the market has evolved and digital is a critical element of that market. Equally with regard to consulting in terms of focus, we see lot of buying in the business today." Elaborating further, Chief Operating Officer Pravin Rao said that over 25 per cent of the companys revenue comes from digital segment. "Over 25 per cent of our revenue comes from digital. Last couple of quarters we started talking about new services and software. This quarter it constitutes about 11.6 per cent, over 6.8 per cent growth over previous quarter. It i...

Salil Parekh as CEO is a Huge Positive for Infosys: T V Mohandas Pai

Salil Parekh taking over as CEO is hugely positive for Infosys as he is a team builder who understands the business and changing market environment, says the company's former chief financial officer T V Mohandas Pai. Parekh being based in Bengaluru, the NASDAQ-listed companys headquarters, would also make a huge difference as most clients visit the campuses before they sign the deals and the teams working on their projects there, Pai told PTI. "It (Parekh as CEO) is hugely positive for Infy. They will have a CEO who understands the services business, who understands the changes that are happening and what needs to be done," he said. "He is a customer-facing person and thats exactly the kind of talent thats required. Working in a services company (in Capgemini where he worked earli...