Wednesday, November 19, 2014

#Infosys BPO CFO sacked, CEO resigns for over-billing in #Apple account

Gautam Thakkar, the current Chief Executive Officer of Infosys has submitted his resignation to the company effective November 30, 2014, taking responsibility on moral grounds.

The Board of Infosys BPO Limited also announced the separation of Abraham Mathews, its Chief Financial Officer from the services of the company for not complying with its code of conduct.
'This departure is in keeping with the company’s goal of setting the highest standards of corporate governance and adhering to the letter and spirit of the company’s code of conduct',says press statement from Infosys.

Sources close to the company said the issue involved over billing in Apple account. Apple contributes nearly $200 million in revenues annually.

Infosys has named Anup Uppadhayay as CEO and MD of the BPO business and Deepak Bhalla as CFO.Commenting on the new appointments, Dr. Vishal Sikka, Chief Executive Officer and Managing Director of Infosys Limited said, “BPO is of fundamental and strategic importance to our company. Our endeavor is to transform BPO with process innovation, automation and artificial intelligence to deliver exceptional efficiency and business value to our clients. I am very confident that under the leadership of Anup and Deepak, our BPO practice will become an exemplar on how business processes should be run.”