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Infosys CFO Rajiv Bansal quits, Ranganath D Mavinakere new CFO

Infosys CFO Rajiv Bansal quits, Ranganath D Mavinakere new CFO - Rajiv Bansal, EVP and the CFO of Infosys, has stepped down from his post. Ranganath Mavinakere, EVP and head of strategic operations and CEO's office was appointed to replace him.

To provide a smooth transition, Bansal will remain as an advisor to the CEO and the Board through December 31.

Commenting on Mavinakere's appointment, Vishal Sikka, CEO and managing director said, "Over the course of the last sixteen months, I have come to know Ranga as a passionate leader and a balanced leader with tremendous ability, knowledge and integrity. We welcome him as our CFO."

Sikka acknowledged Bansal for his exceptional contribution to the company, "As Infosys' CFO, Rajiv has led our financial strategy and has been instrumental in bringing us to this point in our transformational journey. He's a brilliant CFO and we will miss him even as we respect his decision and wish him continued success in his future endeavors."

He has over 20 years of experience and came to Infosys as finance manager in 1999. Before becoming the CFO, Rajiv was vice president and head of finance.

By profession Bansal is a chartered accountant and cost accountant. He holds a bachelor's qualification in commerce from Calcutta University, India. He is a gold medalist and bagged third position in the Institute of Cost and Works Accountants of India (ICWAI).