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iGate names former Infosys board member Ashok Vemuri as CEO

iGate Corporation named Ashok Vemuri as its chief executive officer (CEO). Vemuri previously served as the Americas head and global manufacturing chief of Infosys.

September 12, 2013 / 22:37 IST
     
     
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    IT outsourcing company iGate Corp named Ashok Vemuri as its chief executive, nearly four months after sacking its then CEO Phaneesh Murthy over an undisclosed relationship with a subordinate.

    Vemuri was till recently the Americas head and global manufacturing chief of bigger rival Infosys, India's second-largest software services exporter.

    Also read: Rohan will join Infy to assist father Narayana Murthy

    Vemuri, who was widely considered a contender to succeed Infosys' Chief Executive SD Shibulal, will also join iGate's board.

    Interim President and CEO Gerhard Watzinger will remain with iGate in an advisory role temporarily to assist in the transition, the company said.

    Phaneesh Murthy, one of the industry's best-known executives, was sacked after a company sexual harassment investigation revealed that he had not disclosed a relationship with a subordinate.

    IGate shares closed up 2 percent at USD 26.46 on the Nasdaq on Wednesday.

    first published: Sep 12, 2013 08:43 am

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