Infosys inducts three members in top decision-making body

IT services major Infosys today said it has appointed Ranganath D Mavinakere, Binod Hampapur Rangadore and Nithyanandan Radhakrishnan as members to its Executive Council, the high level body that frames business strategy for the company.

The Executive Council (EC) includes the executive board, heads of key business units and  strategic business enabler units. "On August 19, 2013, Ranganath D Mavinakere, Binod Hampapur Rangadore and Nithyanandan Radhakrishnan were appointed as Members of the Executive Council of the Company, effective immediately," Infosys said in a BSE filing.

Mavinakere heads the Cost Optimisation initiative in the Chairman's Office. From January  2008 to July 2013, he was the Chief Risk Officer (CRO) for Infosys, it added. Rangadore heads the new Global Delivery Model initiative in the Chairman's Office, while,  Radhakrishnan is a member of the firm's Executive Council and Senior Vice President and General Counsel of Infosys. Between April 2012 and now, he served as the Chief Compliance Officer and Special Counsel, the filing said.

"As members of the Executive Council they will be entitled to an Executive Council allowance of USD 150,000 per annum pro-rata for the period as member," it added.