This Article is From Aug 28, 2013

Infosys' highest paid Indian executive Ashok Vemuri quits

In yet another high-profile exit at Infosys, Ashok Vemuri, director and head of Americas and global head of manufacturing and engineering services has resigned. Mr Vemuri, who was with Infosys for over 15 years, was the highest paid Indian executive.

"Ashok Vemuri, member of the board, has decided to leave Infosys... The transition plan is in place. Sanjay Jalona, currently the regional head for manufacturing in North America, will take over as the global head of manufacturing, Infosys," the company said in a statement on Wednesday. (Read: Who is Ashok Vemuri)

Mr Vemuri, widely considered to be a contender for the top job at Infosys when current chief executive S.D. Shibulal's term ends in 2015, earned Rs 5 crore in 2012-13 fiscal year. (Read: Vemuri among firm's top 10 paid executives)

Mr Vemuri would continue to work till September 12, 2013, Infosys said in a statement.

Mr Vemuri's resignation comes days after Infosys vice president and financial services head for the Americas, Sudhir Chaturvedi, put in his papers. (Read: Sudhir Chaturvedi joins NIIT Tech)

Earlier in July, Basab Pradhan had announced his decision to resign as global sales head of Infosys.

The spate of exits has come since co-founder and chairman N R Narayana Murthy took over Infosys in June. Mr Murthy has made new appointments in its executive council as a part of his turnaround plan.

Last week, Infosys named Ranganath D Mavinakere, Binod Hampapur Rangadore and Nithyanandan Radhakrishnan to the high-level body that frames business strategy.

The shake up at Infosys comes at a time when there's speculation that Mr Murthy's son Rohan Murty, who joined Infosys as an executive assistant, has reportedly been elevated as the vice-president of India's second largest IT exporter. (Read more)

Infosys shares closed 2 per cent higher at Rs 3,120.30 on the Bombay Stock Exchange today.