Infosys BPO has sacked its CFO Abraham Mathews for not complying with the company’s code of conduct.
The CEO of the company, Gautam Thakkar has also quit, owning moral responsibility for the issue, according to a company statement.
According to sources in Infosys, the issue related to the CFO not reporting a ‘non-material financial irregularity’ in a timely manner. “According to our code of conduct, though it is non-material or insignificant, he still has the responsibility to report,” said a spokesperson.
This departure is in keeping with the company’s goal of setting the highest standards of corporate governance and adhering to the letter and spirit of the company’s code of conduct, said the statement.
In their places, the company has appointed veteran Infoscions Anup Uppadhyay as CEO and Managing Director of the company and Deepak Bhalla as CFO.
Both have been with the company for more than a decade, according to company officials.
Thakkar’s resignation will be effective from the end of this month. Infosys BPO, which operates in the Americas, the Asia-Pacific, Australia and Europe, had more than 28,000 employees as of this March.