Sudhir Chaturvedi, Infosys Vice-President and financial services head for the Americas, has resigned.
This is the second top executive exit after N.R. Narayana Murthy took over as Chairman of the company in June. Immediately, Basab Pradhan, who was heading global sales and marketing for India’s third largest software exporter, resigned in July to join a start-up.
In the June quarter, the North American market contributed 61.4 per cent of Infosys’ revenue of Rs 11,267 crore.
Banking and financial services account for 27 per cent of revenue. Similarly, there have been some other organisational restructuring undertaken by the company.
Earlier this week, the company appointed Ranganath D. Mavinakere, Binod Hampapur Rangadore and Nithyanandan Radhakrishnan as members to its Executive Council who will report to Murthy.
Employee morale
The company has seen top management exits in the past year or so, which has resulted in low employee morale and has seen attrition soar up to 16.3 per cent in the 2013 fiscal.
Industry leader TCS in the same period has seen attrition at 10 per cent.
In the recently concluded AGM, Murthy told investors that boosting employee morale was a part of his agenda to get Infosys back on track.