Infosys announced on Wednesday that its Chief Operating Officer Pravin Rao will be retiring in the third quarter of the current fiscal and the company shall announce a new corporate structure soon.
Infosys further said that it has “a very strong” set of leaders within the company and explained that it does not foresee any challenges in the upcoming top-level transition and succession of the role.
“We have already put together what we look into in terms of our structure, we will announce it internally in coming weeks. And then we will obviously communicate that outside. So very soon you will get to see what that is,” Salil Parekh, the CEO and MD of Infosys, told reporters.
Rao shall be stepping down really soon, and December 11 is going to be his last day in the company. Rao manages the key functions of global delivery and business enablement.
“We have a very strong set of leaders within the company, so I am extremely confident that we will have a structure that will work for our clients and for our business,” Parekh said.
As the Chief Operating Officer, Rao has complete strategic and operational responsibility for the entire portfolio of the company’s offerings.
Since joining Infosys in 1986, he has held a number of senior leadership roles including Interim Chief Executive Officer and Managing Director, Head of Infrastructure Management Services, Delivery Head for Europe, and Head of Retail, Consumer Packaged Goods, Logistics and Life Sciences. He has more than 35 years of industry experience.
He was admitted in 2014, January 10, as a member of the board. Rao is a member of the Stakeholder Relationship Committee and the Corporate Social Responsibility Committee of the Board as well.
On Infosys’ future plans to bring employees back to the office, as more people get vaccinated, the company stated globally about 97 percent of employees are still working from their home; the numbers does vary across geographies.