IT giant Infosys announced that Mohandas Pai, member of its board and the company’s Director Incharge of the Human Resource Department, has resigned from the company.His is the biggest resignation since Nandan Nilkeni quit the company.
Pai has resigned as member of the Infosys board and as Director, Human Resources Department. His resignation is effective June 11, 2011, after the company’s annual general meeting. The reasons for his quitting are not known yet, but it has come as a surprise to the industry since there was no indication of it.Infosys Chairman NR Narayan Murthy will retire in August this year and the company’s board of directors will meet at the end of this month to finalize leadership plans.
Reacting to Pai’s decision to resign Narayan Murthy said: “Mohan has been an early adopter and a keen anchor builder of Infosys. It is difficult to imagine Infosys without Mohan’s passion, commitment, joie-de-vivre and intellect. We all know that he is taking this painful decision ,since he has much bigger projects in the horizon-nation building. The Board and every Infoscion thank Mr. Mohandas Pai for his wonderful contribution and wish him great success in his future endeavors”.
Mohandas Pai joined Infosys in 1994 and has served as a member of the board since May 2000. He was the Chief Financial Officer from 1994 to 2006.Stocks of Infosys were trading 7.5 per cent lower on the Bombay Stock Exchange at 10:55 am.Mohan joined Infosys in 1994 and has served as a Member of the Board since May 2000. He was the Chief Financial Officer from 1994 to 2006. In 2006, he voluntarily demitted the office of CFO to lead efforts in the areas of Human Resources and Education and Research.
Mohan holds a bachelor’s degree in commerce from St. Joseph’s College of Commerce, Bangalore, and a bachelor’s degree in law (LLB) from Bangalore University. He is also a fellow member of Institute of Chartered Accountants of India (ICAI)
