Mohandas Pai quits Infosys Board
April 15th, 2011 - 1:51 pm ICT by ANIMumbai, Apr 15 (ANI): In a major setback to information technology (IT) giant Infosys, the company on Friday announced that Mohandas Pai has resigned as member of the Infosys Board and as Director, Human Resources Department with effect from June 11, 2011.
His resignation has come as a surprise for people in the industry, as there was no earlier indication on it.
Pai, however, said he had been contemplating his resignation for sometime. He said the young leadership should be given a chance.
Infosys also announced its Quarter four results.
Pai had been in a finance role as Chief Financial Officer of Infosys since 1994, and later took responsibility for the critical functions of human resources and education. He is also a well-known public face and has been part of various committees such as the Kelkar Committee for reforming direct taxes and is currently on the SEBI board.
The IT giant reported nearly 14 percent in consolidated net profit at Rs 1,818 crore for the fourth quarter ended March 31, 2011, which is less than market expectations. (ANI)
- Infosys bets on double-digit growth again; beats guidance (Lead) - Apr 15, 2011
- Infosys co-founder, board director resign - Apr 15, 2011
- Infosys loses more techies than it hired in Q3 - Jan 13, 2011
- Infosys suffers 10 percent tumble on disappointing earnings - Apr 15, 2011
- Infosys to decide on Narayana Murthy's successor April 30 - Apr 15, 2011
- Infosys net up 17 percent in Q4 - Apr 15, 2011
- Hike in US visa fee to impact Indian IT firms: Nasscom - Aug 06, 2010
- Murthy to resign as Infosys chief in 2011 - Dec 22, 2009
- Infosys on hiring spree as attrition climbs up - Oct 15, 2010
- Infosys to hire 32,000 this fiscal - Apr 15, 2011
- Kalam awards Infosys prizes to six noted scientists - Jan 09, 2012
- IT hub scrapping sad day for West Bengal: Infosys official - Sep 07, 2009
- 'Hike in MAT will impact smaller IT firms' - Feb 26, 2010
- Infosys to hire 30,000 techies in next 12 months - Apr 13, 2010
- Infosys hires over 6,000 people in second quarter - Oct 09, 2009
Tags: chief financial officer, committees, critical functions, crore, direct taxes, director human resources, finance role, fourth quarter, human resources department, infosys, major setback, market expectations, mohandas pai, net profit, public face, quarter ended march, resignation, rs 1, sebi board, young leadership