Infosys recently announced that its Chief Operating Officer, Pravin Rao, would be retiring in the third quarter of the current fiscal year, as reported by PTI.
The company will announce a new corporate structure soon. Infosys claimed that it has “a very strong” set of leaders within the company and asserted that it does not foresee any challenges in the upcoming top-level transition and succession of the role.
As the Chief Operating Officer, Rao had the overall strategic and operational responsibility for the entire portfolio of the company’s offerings, PTI reported.
“We have already put together what we look into in terms of our structure; we will announce it internally in coming weeks. And then we will obviously communicate that outside. So very soon, you will get to see what that is. We have a very strong set of leaders within the company, so I am extremely confident that we will have a structure that will work for our clients and our business,” said Salil Parekh, CEO and MD, Infosys.
Rao oversaw the key functions of global delivery and business enablement.
With over 35 years of industry experience, since joining Infosys in 1986, he has held several senior leadership roles, including Interim Chief Executive Officer and Managing Director, Head of Infrastructure Management Services, Delivery Head for Europe, and Head of Retail, Consumer Packaged Goods, Logistics and Life Sciences.
Starting July this year, both in the US and India, Infosys had opened up its offices and employees were allowed to come in on a voluntary basis, with stringent COVID-19 protocols in place.
Pravin Rao, COO, Infosys, said to PTI: “We will probably now start looking at things in a much more formal manner. In October in India, we are requesting all the senior leaders to come to office at least once a week.”
Infosys has reported a better-than-expected 12 per cent rise in its second-quarter net profit on more contracts from global businesses, a reason that also led to it raising its annual revenue outlook. Net profit in July-September at Rs 5,421 crore, or Rs 12.88 a share, was 11.9 per cent higher than Rs 4,845 crore (or Rs 11.42 a share) net profit in the same period a year back.
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