Infosys appointed Ranganath Mavinakere as New CFO of Company after Rajiv Bansal, EVP and the CFO of Infosys, has resigned from the company. Ranganath Mavinakere, EVP and head of strategic operations and CEO's office, has replaced him. Bansal will continue as an advisor to the CEO and the Board through December 31 to provide a smooth transition. He was responsible for corporate finance, business finance, operations planning and assurance, investor relations and taxation for the whole group.
Infosys on Monday informed the stock exchanges about key managerial changes in the organisation. According to a filing, the company said that Rajiv Bansal who is the Chief Financial Officer of the company stepped down as the CFO and key managerial personnel effective October 12, 2015 (end of business hours) and resigned from the services of the company effective December 31, 2015. The Board of Directors of the Company in its meeting also appointed Ranganath D. Mavinakere, as the new Chief Financial Officer and Key Managerial Personnel effective October 12, 2015. Infosys had appointed Rajiv Bansal as the CFO from November 1, 2012 following the movement of the then CFO V Balakrishnan, to Infosys BPO, Finacle and India Business.
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