File photo of Nithyanandan Radhakrishnan
Infosys chief compliance officer Nithyanandan Radhakrishnan has quit, making him the tenth top-level executive to leave the company since co-founder Narayana Murthy returned to the helm in June last year.
The IT major in a filing to the US Securities and Exchange Commission said that its board appointed Parvatheesam Kanchinadam as chief compliance officer on April 15.
Infosys has been grappling with high attrition level as compared to its peers. In the quarter ended March 31, Infosys reported an attrition rate of 18.7 per cent.
This is "more than we are comfortable with", chief executive S D Shibulal told a briefing after the company reported its quarterly numbers.
Top executives including Ashok Vemuri, V Balakrishnan, Basab Pradhan and Stephen Pratt have resigned since executive chairman Mr Murthy has undertaken an organisational overhaul to revive the fortunes of the former bellwether of the sector.
via Business - Google News http://ift.tt/1f3pLEO
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