1. Infosys BPO CFO sacked for ‘failing to comply with the company’s code of conduct’

Infosys BPO CFO sacked for ‘failing to comply with the company’s code of conduct’

Infosys BPO, a subsidiary of India’s second largest IT services exporter Infosys, on Tuesday appointed Anup Uppadhayay as CEO...

By: | Updated: November 19, 2014 8:19 AM

Infosys BPO, a subsidiary of India’s second largest IT services exporter Infosys, on Tuesday appointed Anup Uppadhayay as CEO and MD, while Deepak Bhalla was named chief financial officer, reports fe Bureau in Bengaluru. In a filing to the BSE, Infosys said incumbent CFO Abraham Mathews’ service was terminated after he failed to comply with the company’s code of conduct. While Infosys did not officially divulge details, it is learnt that the breach had a financial angle to it.

Gautam Thakkar, the present CEO, too has resigned, with effect from November 30, taking responsibility on moral grounds.

Uppadhayay, who joined Infosys in 1993, has held key portfolios in Infosys, the latest being senior vice-president and global head of delivery for financial services. Bhalla was the associate vice-president and head of corporate accounting group.

Commenting on the changes, Infosys CEO and MD Vishal Sikka said: “BPO is of fundamental and strategic importance to our company.Our endeavour is to transform BPO with process innovation, automation and artificial intelligence to deliver exceptional efficiency and business value to our clients. I am confident that under the leadership of Anup and Deepak, our BPO practice will become an exemplar on how business processes should be run.”

  1. H
    Harry Potter
    Nov 20, 2014 at 2:48 pm
    What are codes of conduct at L&T and corporate governance at L&T. Any CXO/MD level official ever got fired in last 10 years? Please refer TOI article – “whistleblower was right: CBI”. Excerpts – “CBI confirmed slain National Highway project engineer Satyendra Dubey's allegation --illegally sub-contracted the multi-crore works awarded to them in the Golden Quadrilateral Project -- M/s L&T had misrepresented the facts”. BS Article – “Rajya Sabha nods for whistle blowers bill” – excerpts – “Prasad recalled the sacrifice of Satyendra Dubey, an Indian Engineering Service officer who was killed after he tried to reveal corruption in the Golden Quadrilateral”. Please GOOGLE – white collar criminal equivalent of rape and murder- “Cl Action Suit Seeks $100 Million for Pregnancy Discrimination, Other Violations”. Please refer International Business Times article – “$100 Million Sought as New Discrimination, Immigration Violations Complaint Filed against L&T”. Got slapped with ban by World Bank – please refer ET article – “World Bank bars L&T for 6 months over forgery”. -------------------------------Corporate governance or personal fiefdom at L&T? Expensive CXO Kumbh Mela at L&T, what is the number of CEOs at L&T and all its subsidiaries (138), their CTC? How far higher, this is to manage L&T group $14 bln of revenues than Mr Sikka of Infosys highest paid professional CEO (Rs 30 cr) in India, entrusted with business $ 8 bln in revenues and 1.6 lakhs employees. At L&T, just Chairman Mr Naik and group CEO Mr Vankatraman are pegged at 21 cr and 14 cr, both are nearly/above 70 years. L&T Infotech - 2 CEOs left last month, now L&T looking for two new. 1 COO (Infy CEO contender), 1 CEO for L&T Tech Services. Infotech is claiming to touch $1 bln revenues since 2010, still not there. Mr Naik (aged 72) and all above age of 60 at L&T should retire NOW. Please make way for Information Age leaders like top-man of TATA, Infosys, Microsoft all are in their 40s. Why this super 70s at L&T? Biggest shareholders (Insutional Investors) at L&T are state owned LIC and UTI. Please save L&T, fix retirement age to 60 from current 75. L&T should be freed ASAP from very old top-bres nearly and above 70 years old who joined L&T in 60s as engineers. Who owns L&T? Answer is LIC/UTI, L&T Employee ociation and nearly 8 lakh retail investors – a National Treasure no personal fiefdom of Egyptian Mummies. L&T should be freed from Despotic and Schizophrenic Egyptian Mummies. Please refer ToI article - “L&T Info to hire joint CEOs by month end; but all decisions funneled through AM Naik”.
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