Summary:
Photo: Wikimedia CommonsBengaluru: Global software major Infosys on Thursday appointed its executive Vice-President Jayesh Sanghrajka as interim Chief Financial Officer (CFO) with effect from Saturday in place of outgoing CFO M.D. Raveendran (retired) on September 17, orderedAthe company to pay Bansal Rs 12.37 crore with interest as part of the severance package. The Board is in the process of selecting the next CFO as Ranganath steps down on Friday. “Sanghrajka has spent 13 years in the company over two stints and performed leadership roles in the finance division and even as Deputy CFO,” said the statement. The Tribunal also rejected the company’s claim for a refund of Rs 5.2 crore paid earlier to Bansal as part of the severance package..