Salil Parekh, the CEO (Chief Executive Officer) and MD (Managing Director) of Infosys reported that they have already sketched out the new structural plan and will declare it in the company in the upcoming weeks.
Bengaluru-based Information Technology (IT) major Infosys announced on October 13, 2021, that its COO (Chief Operating Officer) Pravin Rao will be retiring in the third quarter of the current fiscal. The company said it will announce a fresh corporate structure soon.
Infosys claimed that it has a very strong set of leaders operating within the corporation and declared that there are no forthcoming challenges expected from the top level transition following the succession of the role.
Salil Parekh, the CEO (Chief Executive Officer) and MD (Managing Director) of Infosys reported that they have already sketched out the new structural plan and will declare it in the company in the upcoming weeks. Post the internal announcement, the company will announce it officially in public. He stated, “…So very soon you will get to see what it is.”
Rao is going to step down as Infosys COO soon as December 11, 2021, is dated as his last working day in the company.
Parekh expressed his confidence saying that the company possesses very strong leaders and that they would have a corporate structure which will operate for their clients as well as for their business.
Rao has worked in Infosys as its COO, where he holds the company’s strategic and operational responsibility for the company’s offerings from its entire portfolio. He operates the key workings of business enablement as well as global delivery.
He brought in the company over 35 years of work experience. He joined Infosys back in 1986 and since then the company has witnessed him taking over numerous key roles including Managing Director, Chief Executive officer, Head of Infrastructure Management Services, Retail Head, Europe Delivery Head, and many other leadership positions.
Rao’s role in the company’s board began in 2014. He is currently a member of the board committees including the Stakeholder Relationship Committee and the CSR (Corporate Social Responsibility) Committee.
In early July, 2021, Infosys had reopened its offices in US and India where employees were invited to join the office on a voluntary basis. The company said on its plans to ask employees joining back the office, that about 97 per cent of its employees are still following the work-from-home culture.
Rao disclosed in this regard that in October, 2021, in India, the company is requesting all the senior leaders to join the office at least once a week.
The IT giant Infosys has witnessed significant 12 per cent increase in its Q2 net profit from contracts in global businesses.
Along with Infosys, Wipro also announced its Q2 results on October 13, 2021. Wipro marked a 17 per cent rise in its consolidated net profit to Rs. 2,930.6 crore. Wipro’s consolidated revenue observed an increase by 30 per cent to Rs. 19,667.4 crore during the quarter.