Infosys president BG Srinivas has become the 11th top-level executive to leave the Indian technology company since founder NR Narayana Murthy's return to the fold as executive chairman in June last year.
Infosys said Srinivas, who has been in the post for a mere four months, will resign as president and step down from the board with effect from June 10. Many saw Srinivas as a front-runner to succeed chief executive SD Shibulal, who has sought an early retirement in January, two months ahead of completing his tenure in March 2015.
Following, many high-profile departures, Infosys has appointed Development Dimensions International, a company specialising in corporate executive evaluations, to evaluate the internal pool of candidates.
Murthy said: "BG Srinivas has been an integral part of Infosys and has played an important role in the company's growth. The board and every Infoscion thanks BG Srinivas for his wonderful contribution and wish him great success in his future endeavours."
Infosys, which once led its Indian peers, has fallen behind its competitors like TCS and Cognizant. Murthy returned from retirement last year to revive the company's fortunes, at the request of its board.
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