IT major Infosys has appointed Bharti Airtel Ltd’s global CFO Nilanjan Roy as chief financial officer, effective 1 March 2019, as per a regulatory filing by the IT firm filed yesterday.
Nilanjan replaces interim CFO Jayesh Sanghrajka, who will resume his responsibilities as deputy CFO. Sanghrajka had taken temporary charge of the position after M.D. Ranganath abruptly resigned as the company’s CFO in August this year.
Infosys CEO Salil Parekh in the regulatory filing, “We are delighted to announce that Nilanjan will join Infosys as our CFO. He comes to us with extensive and rich global experience. We would like to express our deep appreciation to Jayesh Sanghrajka for taking charge as interim CFO and thank him for ably executing this very important responsibility.”
This makes Nilanjan the first outsider to hold the post of Infosys CFO. He joins the IT company from Airtel where he was at for 13 years. He was appointed Airtel’s global CFO in August 2015. Prio to that, he was serving as CFO for the telecom firm’s India and South Asia business. Before Airtel, he also worked with Unilever Plc for 15 years.
Interestingly, Roy is the third Infosys CFO in three years, following Rajiv Bansal’s exit in 2015 over the Panaya acquisition issue, and then Ranganath’s exit in August this year. Infosys has seen a slew of top level exits this year. Ranganath’s exit followed the exit of Sangita Singh, Executive Vice President, Healthcare and Life Sciences and Nitesh Banga, Senior VP and Global Head of Manufacturing and Edge products. Hopefully with Nilanjan’s appointment, some stability would ensue at the CFO office of the IT major.