Earlier this week, Bangalore-based software and services provider Infosys Ltd. named a new CFO – something that Saugatuck sees as a sign of change not only in Infosys’ leadership, but also as regards the ITO / outsourcing services industry.
Infosys announced that Rajiv Bansal is resigning as chief financial officer, with M.D. Ranganath promoted to CFO as of the close of business on Monday 12 Oct. 2015. Bansal had been CFO for three years. 15-year company veteran Ranganath has most recently been EVP and Head of Strategic Operations, responsible for strategic planning, risk management, mergers and acquisitions and corporate marketing.
Saugatuck sees this action by Infosys in two ways. First, it is a senior management shakeup influenced, if not directed, by disruptive new CEO Vishal Sikka; and second, it is a reflection of how changing market realities are driving strategic business and management changes in what IT services providers are, and how they are organized and managed.
Why is this happening? Infosys has a new CEO (the first not promoted to the position from within the company) with different insights and points of view, and a willingness to push a change-based agenda through a traditional IT business. Sikka shook up the organization, strategy, core technologies and offering portfolio at SAP (where he previously was on the Executive Board, and led product development) to make it more competitive Continue reading Infosys’ New CFO – A Sign of Necessary IT Services Provider Change