Sunday, July 17, 2011
Infosys announces new Executive Council to frame business strategies
Software major Infosys Technologies on Saturday announced composition of new Executive Council (EC), a high level body that frames its business strategies.
The EC will include the executive board, current EC members, heads of key business units and strategic business enabler units.
"It gives me great pleasure to announce the new executive council of Infosys. The new EC is a group of highly competent professionals who would closely work with the Board in formulating business strategy and framing policies for the organisation," Infosys CEO & MD S Gopalakrishnan said.
"This is one of the most significant announcements that will shape the Infosys of tomorrow," he added.
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The members of the EC are: S Gopalakrishnan, S D Shibulal COO, Srinath Batni, Director and Head, Delivery Excellence, V Balakrishnan, CFO, Ashok Vemuri, Senior VP and Head Banking and Capital Markets and Strategic Global Sourcing, the release said.
Other members are B G Srinivas Senior V-P and Head Manufacturing, Product Engineering, Product Lifecycle and Engineering Solutions, Chandrashekar Kakal, Senior VP Enterprise Solutions, U B Pravin Rao, Senior VP, Retail, CPG & Logistics, Prasad Thrikutam Head, Energy, Utilities, Communications & Services, Infosys Limited Global Head, Systems Integration.
Steve Pratt CEO and MD, Infosys Consulting, Ramadas Kamath U, Senior VP, Administration, Commercial Facilities, Infrastructure, Nandita Gurjar, Senior VP and Group Head, Human Resources and Basab Pradhan, Global Head of Sales, are the other members of the EC, the release added.
Earlier this week, Infosys posted a 15.72 per cent jump in its first quarter consolidated net profit year-on-year at Rs 1,722 crore as against Rs 1,488 crore in the year-ago period, meeting street expectations.
The company's revenues rose to Rs 7,485 crore in the first quarter from Rs 6,198 crore in the year-ago period, up 20.76 per cent.