Who: Ranganath D Mavinakere
What: Appointed as CFO of Infosys
When: 12 October 2015
Indian IT giant, Infosys, on 12 October 2015 appointed Ranganath Dwarakanath Mavinakere as its Chief Financial Officer (CFO). The appointment came after the resignation of Rajiv Bansal from the post.
However, Bansal will continue as an advisor to the CEO and the Board through 31 December 2015 to provide a smooth transition.
Mavinakere has about 18 years of experience in banking and IT services industries.
Before the appointment, he held the positions of Executive Vice President and the Head of Strategic Operations, and looked over the functions of Strategy Planning, Risk Management, Corporate Marketing, and M&A. He also led the cost optimization initiative of the company as part of the Chairman’s Office.
In August 2013, Mavinakere was appointed as a member to Infosys executive council in August 2013. Prior to this, he worked as the head of the Domain Competency Group.
From 1991 to 1999, he worked as the senior vice president of Treasury and Planning with ICICI Limited.
He obtained an M Tech degree in mechanical engineering from the Indian Institute of Technology, Madras. He received a Post Graduate Diploma in Management (PGDM) from the Indian Institute of Management, Ahmedabad.