Rajiv Bansal, EVP and the CFO of Infosys, has resigned from the company. Ranganath Mavinakere, EVP and head of strategic operations and CEO’s office, has replaced him. Bansal will continue as an advisor to the CEO and the Board through December 31 to provide a smooth transition. He was responsible for corporate finance, business finance, operations planning and assurance, investor relations and taxation for the whole group.

Infosys had appointed Rajiv Bansal as the CFO from November 1, 2012 following the movement of the then CFO V Balakrishnan, to Infosys BPO, Finacle and India Business.

Mr Mavinakere, is presently the EVP and head of strategic operations and CEO’s office. He is associated with the company for over 15 years and is responsible for strategic planning, risk management, mergers & acquisitions and corporate marketing. From January 2008 to July 2013, he was the Chief Risk Officer (CRO). As the head of Finance, his key priorities included supporting the company’s growth, managing critical finance functions and adhering to regulatory and compliance requirements.