Infosys announces Jayesh Sanghrajka as the interim CFO

Infosys on Thursday announced the appointment of Jayesh Sanghrajka as the interim chief financial officer (CFO) and key managerial personnel of the company with effect from November 17, 2018. The IT services firm said the current CFO, M.D. Ranganath will step down on November 16, 2018. The Board is in the process of selecting the next CFO, according to Infosys.

Experts such as Sanchit Vir Gogia, chief analyst and founder of Greyhound Research, said that the new Infosys CEO Salil Parekh comes with a fresh perspective towards IT services and the management has to be aligned with Mr. Parekh’s vision. “Infosys business is changing… it needs new blood in terms of financial management who works in tandem with Salil [Parekh],” said Mr. Gogia. “The traditional CFO carries a certain amount of baggage in terms of adjusting to the new management,” said Mr. Gogia. He is of the view that this is “not a negative development for the Infosys business” and a step in the right direction.

[Source]


Analyst:

Sanchit Vir Gogia: Sanchit is the Chief Analyst, Founder & CEO of Greyhound Research, an award-winning global research & advisory firm. To read more about him, click here.

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