“As presidents, Srinivas and Rao will report to chief executive S.D. Shibulal with immediate effect,” the company said in a statement here. Srinivas will also focus on global markets, while Rao will look after global delivery and service innovation.
“These changes will enhance our focus on deepening client relationships, increasing market share, creating service differentiation through innovation and agility in execution,” Shibulal said in the statement. Rao was appointed as whole-time director on the company’s board Dec 20.
As part of the realignment, financial services, insurance, manufacturing, engineering services, energy & communications, Infosys public services, Infosys Lodestone, strategic global sourcing, marketing and alliances will report to Srinivas.
Retail, consumer packaged goods and logistics, life sciences, resources & utilities, services, growth markets, cloud and mobility, quality & productivity and Infosys Leadership Institute will report to Rao.
“In view of these changes, the executive council, as a forum, will cease to exist from April 1, 2014,” the statement added.
The announcement comes days ahead of Infosys’ third quarter result announcement on January 10.
Analysts said the decision is probably aimed at scotching speculation around succession at India’s second largest outsourcer. Last month, V. Balakrishnan, who was seen by many as the top candidate to succeed Shibulal as next chief executive of Infosys resigned.