IT major Infosys has appointed Jayesh Sanghrajka as the interim chief financial officer of the company. His appointment is effective from November 17.
Sanghrajka is currently the deputy CFO of the Bengaluru-headquartered IT services exporter.
In a filing to the stock exchanges, Infosys said, “Board of Directors at its meeting today appointed Jayesh Sanghrajka as the interim Chief Financial Officer and Key Managerial Personnel of the Company with effect from November 17, 2018. The Board is in the process of selecting the next CFO.”
Sanghrajka steps in the shoes of M D Ranganath, who decided to resign to pursue professional aspirations in August, and will step down on November 16. At the time of the announcement, Infosys founder NR Narayana Murthy has described Ranganath's exit from the role as an ‘irreplaceable loss at this critical juncture.’
His 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.
Sanghrajka, a CA with more than 20 years of experience has spent 13 years at Infosys over two stints and has performed various leadership roles in the finance function. Before his second stint at Infosys beginning December 2012 as Vice-president and corporate financial controller, he worked as Vice-president, finance, Mu Sigma and was also Head, Finance at Rediff.com.