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Infosys President Rajesh Murthy steps down

ANI  |  Bengaluru (Karnataka) [India] 

IT Infosys's Rajesh Murthy, one of the company's most highly paid executives resigned from his post.

Murthy, who was of the company since October 2016, has resigned citing personal reasons. The same was reiterated by UB Pravin Rao while addressing a press conference post the release of the company's third quarter

"Rajesh has stepped down from his post on account of personal reasons. He had indicated his desire a few months back, and was able to find something suiting his preferences at this point in time. I think we should not read more into it," he said.

An employee of the company for 26 years, was responsible for the global Energy, Utilities, Telecommunications and Services unit, including setting the vision, creating and implementing strategy, and driving growth. He has held senior leadership positions across the and in all markets. As a leader of large transformation projects, Rajesh has helped realise compelling value for clients through his deep industry knowledge, coupled with

"The Board places on record its deep appreciation for his commitment to over the last 26 years and wishes him the very best for his future endeavours," the company said in a statement here today.

Meanwhile, reports suggest that Pravin Rao will be retained as till 2022, while Salil Parekh's term will be for five years.

Murthy's last day at will be January 31, 2018.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, January 12 2018. 18:00 IST