Murthy constitutes Infosys 'dream team' at chairman's office

Infosys Executive Chairman N R Narayana Murthy has constituted a ‘dream team’ in the chairman’s office, hand-picking key company executives from diverse backgrounds and with exposure to varied business segments.

According to sources privy to the development, Murthy has chosen a team of four senior executives -- former Infosys India business unit head Binod Hampapur Rangadore, Ranganath D Mavinakere, Deepak Padki and Rohan Murty.

Murthy has also decided to keep strategic functions, including global delivery, mergers and acquisitions and cost optimisation, attached to the chairman’s office.

Rangadore, who would head global delivery initiatives in the chairman’s office, had joined the company in 1983.

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Though he had left the company in November 2012, he is understood to have returned after Murthy joined the company as executive chairman in June this year.

Mavinakere, the company’s chief risk officer since 2008, would now head cost-optimisation initiatives.

Padki, who heads M&A initiatives, would remain attached to the chairman’s office.

The other member in the new team is Narayana Murthy’s son Rohan Murty, who was earlier appointed executive assistant to the chairman.

While re-joining Infosys in June this year, Murthy had requested the board to allow to create a ‘chairman’s office’.

He had also sought permission to create a team that would assist him during his tenure.

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In a related development, Infosys announced it had added three members to its executive council.

Two of the four members of the chairman’s office -- Mavinakere and Rangadore -- have been included in the council.

Nithyananda Radhakrishnan, general counsel of Infosys, has also been inducted to the executive council.

In 2001, Infosys had set up the executive council to take key operational and strategic decisions.

With the new additions, the executive council would have 19 members who manage and head various businesses of the company in senior leadership roles.

Analysts see the move as another attempt by Infosys to prepare the next level of leadership within the company.

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Company mulls options to hedge against US immigration Bill:Infosys Ltd is mulling options to ensure the proposed US immigration Bill does not hamper operations once implemented.

The Bengaluru-based company has enlisted options and including increasing offshoring components in the contracts, opening local development centres and development centres in the same time zone as client, to deal with the situation.

Besides, the company is stepping up local recruitment in clients’ regions, Chief Executive and Managing Director S D Shibulal said during a conference organised by investment firm Oppenheimer in the US earlier this month.

“We have various options which we have explored.

“We are also doing some pilots with much higher offshore to see how it will work, but we have not executed on any of the plans.”