NEW DELHI: Infosys co-founder NR Narayana Murthy on Saturday said the exit of the corporate's CFO MD Ranganath is an "irreplaceable loss" for the IT products and services company at a "critical juncture".
Describing him as "one of the best CFOs" in India and a "rare individual", Murthy said in a statement that Ranganath understood all essential stakeholders, together with clients, supply teams, worker aspirations, finance, investors, governance, the law, as additionally "the role of an ethical business in building a better society".
"He is everything the idea of Infosys has always stood for. His departure is an irreplaceable loss for Infosys at this critical juncture," said Murthy.
The comments suppose significance given the protracted stand-off in the past between him and the former Infosys control over problems with company governance and severance bundle doled out to former executives like Rajiv Bansal.
Stating that he had worked with 'Ranga' for over 15 years, Murthy said he has been "instrumental" in raising investor self belief within the corporate all the way through the remaining five years through managing costs and margins.
"His ability to take tough decisions in challenging situations, his solid financial expertise, strong value system, unfailing courtesy and flawless execution always distinguished him as an exemplary leader and a key asset for the company," Murthy added.
Earlier today, Infosys said Ranganath has resigned after an 18-year stint at India's 2nd greatest IT products and services company.
He took over as CFO in 2015 after the exit of Rajiv Bansal.
Ranganath will continue in his current place as CFO until November 16, 2018, Infosys said in a statement.
Describing him as "one of the best CFOs" in India and a "rare individual", Murthy said in a statement that Ranganath understood all essential stakeholders, together with clients, supply teams, worker aspirations, finance, investors, governance, the law, as additionally "the role of an ethical business in building a better society".
"He is everything the idea of Infosys has always stood for. His departure is an irreplaceable loss for Infosys at this critical juncture," said Murthy.
The comments suppose significance given the protracted stand-off in the past between him and the former Infosys control over problems with company governance and severance bundle doled out to former executives like Rajiv Bansal.
Stating that he had worked with 'Ranga' for over 15 years, Murthy said he has been "instrumental" in raising investor self belief within the corporate all the way through the remaining five years through managing costs and margins.
"His ability to take tough decisions in challenging situations, his solid financial expertise, strong value system, unfailing courtesy and flawless execution always distinguished him as an exemplary leader and a key asset for the company," Murthy added.
Earlier today, Infosys said Ranganath has resigned after an 18-year stint at India's 2nd greatest IT products and services company.
He took over as CFO in 2015 after the exit of Rajiv Bansal.
Ranganath will continue in his current place as CFO until November 16, 2018, Infosys said in a statement.
Ranganath's departure irreplaceable loss for Infosys: Murthy
![Ranganath's departure irreplaceable loss for Infosys: Murthy]()
Reviewed by Kailash
on
August 18, 2018
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