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Infosys CFO Rajiv Bansal Exits Ranganath D Mavinakere New Appointee


According to the latest reports, Infosys has cited that Rajiv Bansal who is the Chief Financial Officer of the company has resigned from the services of the company effective December 31, 2015.

The Board of Directors of the Company with immediate meeting couches Ranganath D. Mavinakere, as the new Chief Financial Officer and Key Managerial Personnel effective October 12, 2015.

“The 2011 RSU plan has been amended in accordance with the SEBI (share based employee benefits) regulations, 2014 and will be issued as the 2015 Incentive Compensation Plan. The grants made under the 2011 RSU plan will continue to be administered and implemented by the 2015 Incentive Compensation Plan. The 2015 Incentive Compensation Plan will be subject to the approval of shareholders,” Infosys said in its filing.

Infosys had appointed Rajiv Bansal as the CFO from November 1, 2012 following the movement of the then CFO V Balakrishnan, to Infosys BPO, Finacle and India Business.

According to reports, Rajiv Bansal said, “It has been an absolute privilege and pleasure to work at Infosys. It has been a most exciting and rewarding experience. I am proud of what we have achieved as a team and am sure that Infosys, under the leadership of Vishal, will scale new heights in the times ahead.”

Further the company also said, the Board approved the 2015 Incentive Compensation Plan, amending the existing 2011 RSU Plan.


BiS Team

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