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After a string of high-profile exits, Infosys Ltd, Indiaís second-largest software services exporter, has undertaken a top-level management restructuring with executive chairman NR Narayana Murthy relying on his trusted aides to head key verticals. Sources said that Chandrashekar Kakal, member of the executive council, will now shoulder additional responsibilities of heading the overall consulting and system integration vertical, a high-margin business.
Kakal, currently senior vice-president and global head of business IT services, is a veteran of over 14 years in the software-services company. His senior colleague and member of the board V Balakrishnan, who is already handing multiple roles in the organisation, has been given charge of a new vertical focusing on utilities and resources in North America, the firmís largest market.
Stephen R Pratt, currently managing partner, worldwide consulting and systems integration, will now head the new utilities vertical in the US and report to Balakrishnan. Pratt is also the member of the executive council.
Sources told FE that among the other major management rejig, VG Dheeshjith, currently the head of life sciences business, has been given additional responsibilities of the growth markets. All the country heads of the growth markets including Australia, Middle East, Germany, France, will now report to Dheeshjith.
Pravin Rao, member of the executive council and global head of retail, consumer goods and logistics, will also head the Infosys Leadership Institute.
While Infosys did not comment on the specific changes, an email response from the company said: ďWe have undertaken certain reorganisation within the company to further improve our client focus and competitiveness. A few senior leaders have seen their roles enhanced as part of this reorganisation as well as a result of Ashok Vemuriís resignation.Ē
In July FE reported that Infosys is on the path to a major restructuring exercise and is expected to announce top-level role changes that will give greater autonomy to its key businesses, sales engine and division, making them more agile and accountable.
Experts point out that the effort is to streamline the various functions within the organisation that have lost some focus over the last couple of quarters. Sources said that Murthy has been closely monitoring the departments of finance, delivery and customer relations to get better synergy from all these verticals.
The Bangalore-headquartered IT firm is critically evaluating performances of those holding senior positions or