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MD Ranganath replaces Rajiv Bansal as Infosys CFO

MD Ranganath, an Infosys veteran of 15 years, is the new Chief Financial Officer (CFO) at Infosys

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Sonal Desai
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BENGALURU, INDIA: MD Ranganath, an Infosys veteran of 15 years, is the new Chief Financial Officer (CFO) at Infosys.

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He places Rajiv Bansal, former Executive Vice President and CFO, who announced his resignation in a surprise development on Monday.

Ranganath is currently Executive Vice President and Head, Strategic Operations, Infosys.

He is a post graduate (PGDM) from the Indian Institute of Management, Ahmedabad, and holds a master's degree in technology from the Indian Institute of Technology, Madras, Infosys said.

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"Over the course of the last sixteen months, I have come to know Ranga as a passionate leader and a balanced leader with tremendous ability, knowledge and integrity. We welcome him as our CFO," said Vishal Sikka, CEO, Infosys.

Bansal had taken over as Infosys CFO in October 2012, replacing another high-profile executive V Balakrishnan. He will continue as an advisor to the CEO and the Board through December 31, 2015 in order to provide a smooth transition, Infosys said. "I am proud of what we have achieved as a team and am sure that Infosys, under the leadership of Vishal, will scale new heights in the times ahead," Bansal said.

"Bansal is a brilliant CFO and we will miss him even as we respect his decision and wish him continued success in his future endeavors," said Sikka.

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