News: Ashok Vemuri to get double salary at iGate

Compensation & Benefits

Ashok Vemuri to get double salary at iGate

iGATE will pay its new CEO and President Ashok Vemuri a base salary of USD 1.3 million (about Rs 8.2 crore) along with an annual cash bonus of as much as USD one million (Rs 6.3 crore). Ashok Vemuri's salary package at iGATE works out to more than double the amount he received at Infosys Ltd where he was Head of Americas and Global Head of Manufacturing and Engineering. Ashok Vemuri, who was one of the highest paid executives at Infosys Ltd, which he left to join iGATE, will also qualify for 150,000 options in iGate and 100,000 restricted stock with a four-year schedule with 25 per cent vesting at the end of each year.

iGATE will pay its new CEO and President Ashok Vemuri a base salary of USD 1.3 million (about Rs 8.2 crore) along with an annual cash bonus of as much as USD one million (Rs 6.3 crore). Ashok Vemuri's salary package at iGATE works out to more than double the amount he received at Infosys Ltd where he was Head of Americas and Global Head of Manufacturing and Engineering. Ashok Vemuri, who was one of the highest paid executives at Infosys Ltd, which he left to join iGATE, will also qualify for 150,000 options in iGate and 100,000 restricted stock with a four-year schedule with 25 per cent vesting at the end of each year.

Read the Financial Express news report here.

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Topics: Compensation & Benefits, Appointments, #Corporate, #TotalRewards

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