Infosys loses another top exec, Nageswar Cherukupalli quits after 21 years

Infosys, an Indian IT firm, is undergoing a series of high-profile departures in its senior ranks, with Nageswar Cherukupalli, Senior Vice President and Head of Financial Services and Insurance, being the latest to step down after a 21-year tenure, as reported by Financial Express.  

This trend of veteran leaders leaving the company has been ongoing for around eight to ten months. 

This move follows Richard Lobo, the former HR Head and Executive Vice President of Infosys, who also resigned in August. 

“This is to inform that Richard Lobo, Executive Vice President and Senior Management Personnel, has resigned from the services of the Company. His last date with the company would be August 31, 2023. The Company places on record its deep sense of appreciation for the services rendered by him and for his contributions to the company,” Infosys informed exchanges late on August 4. 

In addition, in July, Vishal Salvi left his role as the chief information security officer (CISO) and head of the cyber security practice at the IT company. Another senior executive, Narsimha Rao Mannepalli, who held the position of executive vice-president, also resigned. 

Vishal Salvi has joined Quick Heal after spending seven years at Infosys. During his time at Infosys, he led the cyber security strategy and improved security for the company's clients. He also oversaw cyber security business operations. Salvi became a part of Infosys in 2016, following his previous positions at HDFC Bank and Standard Chartered Bank, according to his LinkedIn profile. 

In addition, towards the end of last year, Ravi Kumar, the former president of Infosys, stepped down and became the CEO of Cognizant. 

What's notable about these resignations is that most of the departing executives had been with Infosys for about twenty years. These veteran employees held a lot of experience and knowledge. Therefore, the sudden wave of top-level departures has captured the attention of industry experts. 

Meanwhile, Infosys’s cross town rival, Wipro, which also recently witnessed senior-level executive departures, announced on Monday the appointment of Brijesh Singh as Senior Vice President and Global Head of Artificial Intelligence (AI) for Wipro Enterprise Futuring.