HindustanTimes Sat,20 Sep 2014

Exodus or purge? Infosys bleeds more executives

Vivek Sinha, Hindustan Times  New Delhi, November 19, 2013
First Published: 23:40 IST(19/11/2013) | Last Updated: 01:41 IST(20/11/2013)

Is it the heat to turn up the performance? Or is it a blockage of career growth? Whatever the motive, the hard reality is that Infosys is witnessing an unprecedented exodus – or purge – at senior levels.

At least four top-level executives have left India’s sagging No. 2 software exporter since the return from retirement last June of its iconic co-founder NR Narayana Murthy as its executive chairman.

The latest is Stephen Pratt, US-based head of utilities and resources for North America. Board member Ashok Vemuri,  US-based head of financial services business Sudhir Chaturvedi and global sales head Basab Pradhan are others.

Head-hunters told Hindustan Times that several hundred mid-senior level executives in the 160,000-strong Infosys army are actively scouting for change– ranging from project managers to vice-president-level officials.

“We are in touch with a whole bunch of Infosys executives,” a recruitment industry executive said, requesting anonymity. He added they were regularly updating their resumes in a sign of serious intent to seek change.

“Infosys was falling behind growth parameters during the last fiscal and now is the time to clean up. In this scenario a lot many people will not fit in and will want to move out,” said a former Infosys high-flier, adding, however, that not all would be under-performers. “A lot many quit when they feel that their professional growth is being stifled in the new set-up.”

“Senior level exits remain a concern with Infosys,” said Ankita Somani, analyst at brokerage firm Angel Broking.

Infosys did not immediately respond to a request for its views on the issue.

more from Business

Larry Ellison steps down as Oracle CEO after 37 years

Larry Ellison, co-founder and leader of Oracle Corp for 37 years, stepped aside as chief executive officer on Thursday, to be replaced by co-CEOs Safra Catz and Mark Hurd, raising questions about a job-sharing arrangement that has had a fraught record elsewhere.
Most Popular
Copyright © 2014 HT Media Limited. All Rights Reserved