REUTERS - IT outsourcing company iGate Corp named Ashok Vemuri as its chief executive, nearly four months after sacking its then CEO Phaneesh Murthy over an undisclosed relationship with a subordinate.
Vemuri was till recently the Americas head and global manufacturing chief of bigger rival Infosys Ltd , India's second-largest software services exporter.
Vemuri, who was widely considered a contender to succeed Infosys' Chief Executive S.D. Shibulal, will also join iGate's board.
Interim President and CEO Gerhard Watzinger will remain with iGate in an advisory role temporarily to assist in the transition, the company said.
Phaneesh Murthy, one of the industry's best-known executives, was sacked after a company sexual harassment investigation revealed that he had not disclosed a relationship with a subordinate.
iGate shares closed up 2 percent at $26.46 on the Nasdaq on Wednesday.
(Reporting by Sruthi Ramakrishnan in Bangalore; Editing by Sriraj Kalluvila)
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app