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B.G. Srinivas resigns from Infosys as high-profile exits continue

LiveMint logoLiveMint 28-05-2014 Anirban Sen

Bangalore: Infosys Ltd president B.G. Srinivas, who was widely seen as one of the top contenders to take over as the company’s first non-founder chief executive officer, has resigned in one of the most high-profile top-level exits from the company over the past year. His departure may leave the company no option but to hire an outsider as its next CEO.

Srinivas, who was also a board member at India’s second largest software services exporter, will stay with Infosys till 10 June. No reason was given for his departure.

Srinivas’s resignation comes on the heels of the other high-profile exits from Infosys since chairman N.R. Narayana Murthy’s return last June, including those of Ashok Vemuri and V. Balakrishnan, both of whom were seen as potential successors to co-founder and current CEO S.D. Shibulal.

“B. G. Srinivas has been an integral part of Infosys and has played an important role in the Company’s growth. The Board and every Infoscion thank B. G. Srinivas for his wonderful contribution and wish him great success in his future endeavors,” said chairman and founder Murthy in a statement.

“I thank Infosys for the wonderful opportunity given to me. My tenure at Infosys has been one of my most rewarding experiences, and I am proud to have contributed to the best growth story in the industry. I wish the Board and Infosys the best of success in the future,” said Srinivas.

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