Infosys has been witnessing a spate of executive level changes since the return of N R Narayana Murthy as chairman.
Infosys said in a statement: "Ashok Vemuri, member of the board, has decided to leave Infosys. Ashok has been an integral part of the Infosys journey over the last fifteen years. He has played a significant role in building the company's market leadership in the financial services and manufacturing verticals and in North America. We would like to thank him for his significant contributions to Infosys in different leadership roles during his career and wish him the very best."
The company said a transition plan is in place. "Sanjay Jalona, currently the regional head for manufacturing in North America, will take over as the global head of manufacturing," Infosys said.
There is speculation that Vemuri, who is currently based in the US, may go to iGate, which is in the hunt for a CEO ever since Phaneesh Murthy was fired in May.
Infosys has been lagging its peers on the revenue growth front for close to two years, but is now seen to be recovering, thanks partly to the nascent recovery in the American economy. How all of this executive churn will impact the company remains to be seen. Narayana Murthy has been taking a number of steps to improve performance parameters across the organization.
Vemuri, and board members B G Srinivas and V Balakrishnan, were seen to be the top contenders to succeed Shibulal when he retires in 2015.
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