Narayana Murthy shuffles the pack yet again

Written by fe Bureau | Mysore | Updated: Jan 11 2014, 23:23pm hrs
MurthyThe move comes after it streamlined its reporting hierarchy with two presidents
Infosys on Friday announced a slew of structural changes across verticals and services as part of its ongoing measures initiated by chairman NR Narayana Murthy to revitalise the company.

According to the new structure, Mohit Joshi will head the financial services segment, while Sandeep Dadlani will head the retail, consumer packaged goods and logistics. Ravikumar, who heads the insurance segment, has been given additional responsibility of the cards and payments segment. Manish Tandon, who heads the life sciences vertical, has been given the additional charge of the services segment in the Americas.

The IT firm further noted that Rajesh Krishnamurthy will head the energy and communications segment and the services in Europe will be part of this segment, while Sanjay Jalona will continue to head the manufacturing segment and so will Elvis Rodrigues, who heads the resources and utilities segment in the Americas.

The move comes after it streamlined its reporting hierarchy with two presidents. Murthy added that Infosys was the first company to establish a leadership institute in 2000. There are lot of younger and energetic people, who are enthusiastic about taking up bigger roles in the company. Commenting on the new verticalised structure, Murthy pointed out that this is an effort towards making Infosys more robust and its sales and software delivery effective.

As regarding a succession plan, Murthy said that the companys nomination committee will look into all potential candidates and make a shortlist of CEO candidates.

Infosys said that depending on the vertical and services, the executives will report to the newly-created dual president structure, adding that the new appointments are effective April 1.

Unfortunately there is a lot of focus on a few exits. When large corporates undergo transformations, some strong leaders with high aspirations will move out. But we have managed the transitions quickly and seamlessly though some inconvenience is expected, Shibulal said on Friday.