- Sandeep Dadlani will take up role of chief digital officer at Mars
- Mars owns brands like Snickers, Milky Way, Mars Drinks, Cocoavia
- 'Next up: An out-of-the world assignment!' he had said while leaving Infy
With almost $35 billion in sales, Mars owns brands like Snickers, Milky Way, Mars Drinks and Cocoavia.Infosys on professional networking site LinkedIn, Mr Dadlani had earlier said: "I have decided to pursue my personal interests elsewhere. Next up: An out-of-the world assignment! Stay tuned."
Mr Dadlani will relocate to Mars' New Jersey offices. He will report into Angela Mangiapane, president, Mars Global Services, and Claus Aagaard, chief financial officer.
At Infosys, Mr Dadlani was also the global head for manufacturing, retail, CPG (consumer packaged goods) and logistics verticals. He handled "portfolio P&L of approximately $2.5 billion globally, helping over 300 clients across the world to embrace digital technologies".
Terming Mr Dadlani's exit as a "temporary hiccup", domestic brokerage Edelweiss said: "The exit comes as a surprise as Mr Dadlani had been recently handed additional responsibility of generating more business from the company's new software solutions, including the AI platform Nia. We believe induction of several high profile executives over the past will help the company seamlessly fill the void."
Edelweiss has a 'buy' rating on Infosys shares. "We reiterate that Infosys, equipped with ample margin levers, will outpace peers on the earnings growth front. Maintain 'BUY' with target price of Rs 1,173," the brokerage said.
Election Results for Lok Sabha Election 2019 will be out on May 23. Get the latest election news and live updates on ndtv.com/elections. Catch all the action on NDTV Live. Like us on Facebook or follow us on Twitter and Instagram for news updates from each of the 543 parliamentary seats for the election 2019