IT bellweather Infosys rejigs top leadership

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Infosys on Friday announced that two of the company's top leaders - B.G. Srinivas and Ashok Vemuri -- would interchange their positions.

Srinivas, Global Head of Manufacturing and Engineering business, would take over as the new leader of the company's Financial Services and Insurance business.

Vemuri, present Global Head of its Financial Services and Insurance business, would now lead the company's Manufacturing and Engineering business.

The changes are effective from April 1, the NASDAQ-listed IT major said in a statement.

Vemuri and Srinivas, both members of the Infosys Board of Directors, would continue with their existing regional leadership responsibilities for the Americas and Europe, respectively, it said.

"This change builds on our successful organisation transformation last year to broaden key leadership experiences at Infosys," the statement said.

The transition builds on the significant contributions made by both Srinivas and Vemuri over the past decade as they have successfully spearheaded their respective businesses, incubated new businesses and expanded Infosys' footprint in the American and European markets, the company said.

"This change brings cross industry perspectives to accelerate transformation and innovation for our clients", it said.

Announcing the new responsibilities, S.D. Shibulal, CEO and managing director, Infosys said, ''We have always focused on giving our leaders a diverse set of experiences over time to fully realise their potential. Ashok and BG's track record in leading high growth organisations has been superb.''

"This change allows them to leverage cross-industry experience to help our clients build tomorrow's enterprise."