Infosys has reshuffled positions involving senior executives, wherein Sushanth Tharappan has been named as the new Head of Human Resources, replacing the current HR Head Richard Lobo. 

Tharappan, currently senior VP and head of Infosys Leadership Institute, held multiple leading roles with the organisation in an impressive term of 22 years. As he takes over as the Head of Human Resources at the organisational level, Lobo will move to the Special Projects team headed by CEO Salil Parekh. 

This reshuffle in the HR division marks the second leadership change at Infosys. Earlier this year, Shaji Mathew took over the role of Global Head of Human Resources, succeeding Krish Shankar, who retired in March 2023. Mathew had previously led Infosys' Mysore centre. While Tharappan will look at Infosys level as Head HR, Mathew as Global Head will monitor Infosys and its subsidiaries. 

Infosys will announce its first-quarter earnings on July 20, 2023. Meanwhile, during the Q4 FY23 earnings call, Infosys projected revenue growth of 4-7 per cent for FY 2023-23.

During the recent annual general meeting, Infosys Chairman Nandan Nilekani emphasized the company's solid foundation. He highlighted a robust deal pipeline with 95 large deals worth $9.8 billion secured in the previous financial year.

However, CEO Parekh expressed caution, noting a shift in the demand environment for IT services due to the global economic slowdown. He mentioned that clients' focus has shifted from digital and cloud transformation to cost efficiency and automation during the AGM. 

In another significant executive role change, Dennis Gada has been promoted to the position of Executive Vice President and Global Head of Banking and Financial Services, taking some of the responsibilities previously held by former president Mohit Joshi, effective from May 2023. Gada now holds profit and loss responsibility for the financial services business in North America, Europe, and APAC. With over two decades of experience at Infosys, Gada played a significant role in successfully executing the Vanguard deal worth $1.5 billion.