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iGate appoints ex-Infosys exec Ashok Vemuri as CEO

Ashok Vemuri, the head of Infosys' North American operations and a member of its board, has defected from India's second-largest software company to join iGate as its new chief executive officer.
The departure of Vemuri, who was regarded as a potential future CEO of Infosys, is another blow to a company which has been struggling for management stability. For iGate, it brings to an end its months-long search for a leader after the US-based company fired Phaneesh Murthy as CEO in May for not disclosing a sexual relationship with a colleague.
InfosysBSE -0.52 % announced Vemuri's resignation on Wednesday. Vemuri's acceptance of the offer from iGate was confirmed to ET by two people. In June, this newspaper reported that Vemuri was among those in discussions with Russell Reynolds Associates, the headhunting firm with the mandate to help iGate find a new CEO.
NR Narayana Murthy, who made a comeback to the under-performing Infosys as its chairman in June with his son Rohan as his executive assistant, described Vemuri, 45, as an "important player" in the growth of the company. Vemuri, who has been with Infosys for a decade and a half, did not consult him before taking a decision to resign, Murthy said in an email.


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