The senior-level exodus continues at Infosys, India's second largest IT firm. On Thursday, senior vice-president Prasad Thrikutam became the 12th senior executive to quit the company after executive chairman Narayana Murthy's return last June. Thrikutam was the global head of strategic sales, marketing and alliances, and the head of Infosys, Americas. He was also a member of Infosys executive council, which was dissolved in April.
Thrikutam's portfolio will be taken over by president and board member Pravin Rao. Responding to an e-mail query from FE, Infosys spokesperson said in a statement, Thrikutam decided to pursue interests outside of Infosys. In his 19-year journey with the company, he managed many portfolios, including manufacturing, energy, utilities and services and, most recently, served as the global head of strategic sales, marketing and alliances.
Thrikutams resignation comes a week after president BG Srinivas put in his papers to join a Hong Kong-based company. Other senior executives to have left the company over the last year are Chandrashekar Kakal, Nithyanandan Rashakrishnan, Basab Prashan, Ashok Vemuri, Sudhir Chaturvedi, Karthik Jayaraman, Humberto Andrade, Stephen Pratt, V Balakrishnan and Subrahmanyan Goparaju.
The exits have been largely attributed to twin reasons: the ongoing CEO search and a perceptible complacency among the senior-level staff. Sources told FE a few departures were linked to the new CEO coming in, but many others have been forced to quit as the company felt they were past their prime.
Murthy, at an investor interaction in February on the spate of exits, had said, Barring exceptions, the rest of the people who had to leave, unfortunately, were those who were drawing a very high salary and unfortunately we were not getting value from them. Therefore, they realised there would not be much growth for them and therefore left the company."