Infosys CFO MD Ranganath quits

IT major Infosys today said its Chief Financial Officer M D Ranganath has resigned from the company.

Ranganath, who has worked with Infosys for about 18 years, is leaving the company to "pursue professional opportunities in new areas", it said in a statement.

Ranganath will continue in his current position till November 16, 2018.

The board will immediately commence the search for the next CFO, it added.

"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," Ranganath said.

He further said: "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."