Another senior Infosys executive exits

Another senior executive of Indian IT bellwether Infosys Ltd, Prasad Thrikutam, the senior vice president and global head of strategic sales, marketing and alliances, quit the company Thursday, the company said.

"Prasad has decided to pursue interests outside of Infosys. In his 19 year journey with the company, he has managed many portfolios, including the hi-tech and discrete manufacturing, energy, utilities, and services," a company spokesperson told IANS.

Prasad's exit comes a week after the $8.3-billion global software major's president and board member B.G. Srinivas had quit May 28 though his resignation will be effective June 10.

The resignations come ahead of the company's 33rd annual general meeting (AGM) here June 14.

"President U.B. Pravin Rao will be managing Prasad's portfolio. We thank him for his contribution to the company and wish him the best for his future endeavours," the spokesperson added.

Prasad is the 12th senior executive to leave the company during the last 12 months and since its co-founder N.R. Narayana Murthy returned from retirement as executive chairman June 1, 2013.

Prasad, who is based in the US, was also the head of the company's Americas business, which accounts for 60 percent of its global software and services exports.

Other senior executives who left the company include V. Balakrishnan, Ashok Vemuri, Stephen Pratt, Chandrasekhar Kakal, Kartik Jayaraman, Humhberto Andrade, Sudhir ChaturvediAand Basab Pradhan.

With another co-founder and chief executive S.D. Shibulal expressing desire to exit the company before his retirement in March 2015, the company in January appointed a nomination board to select a successor from within or outside.

"The selection process is progressing as planned and the nomination board will announce the new CEO at the conclusion of the process soon," Murthy told his employees in an e-mail May 30.

The nominations board is headed by K.V. Kamath, an external director, who succeeded Murthy as co-chairman in August 2011 on the latter's retirement but resigned when Murthy returned to head the company again.