BG Srinivas, the President and member of the board of Infosys resigned on 28 May 2014. The resignation will be effective from 10 June 2014. Srinivas has served Infosys for 15-years and was appointed as the company President in January 2014 along with UB Pravin Rao.
This resignation came at a time, when the company is on the search for the first-time non-founder CEO for the company.
About Infosys Ltd
Infosys established in 1981 is a NYSE listed global leader in consulting and IT services. Seven engineers started Infosys Limited with just 250 US dollar that had grown to become 8.25 billion US dollar (FY14 revenues) company with a market capitalization of approximately US$ 31 billion. It is the first IT Company from India to be listed on NASDAQ.
It help enterprises to transform and thrive in a changing world through strategic consulting, operational leadership, and the co-creation of breakthrough solutions, including those in mobility, sustainability, big data, and cloud computing. It provides services in more than 30 countries and on 22 May 2014 was awarded with the Gold Award for sustainable buildings at the 2014 International Ashden Awards at the Royal Geographical Society in London.