Infosys CFO MD Ranganath Resigns

Mavinakere Dwarakanath Ranganath, the chief financial officer at Infosys, resigned from his post at India’s second-largest software service provider to “pursue professional opportunities in new areas”. After a successful career spanning 18 years in Infosys, including as CFO for the last three crucial years, I now plan to pursue professional opportunities in new areas.

The board of directors in a meeting 18 August 2018 accepted Ranganath’s resignation and said the search for the next CFO will start immediately. Ranganath will continue in his current position as the CFO till Nov. 16. During his tenure at the IT major, Ranganath held several leadership roles in key areas like consulting, finance, strategy, etc. He also worked closely with the board and its committees in formulating and executing strategic priorities for the company.

Infosys Chief Executive Officer Salil Parekh said that Ranganath played a crucial role in shaping the “strategic direction” of the company. In the last three crucial years delivered a strong and resilient financial performance on multiple fronts, implemented an efficient capital allocation policy and earned the respect of all stakeholders through enhanced value creation.

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