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Executive Vice President and Head of Strategic Operations at Infosys M D Ranganath has been appointed as the new Chief Financial Officer (CFO) of the company. He has been serving the company for the past 15 years.

The decision was made after Rajiv Bansal, who also held the position of Vice President of the tech giant, resigned from the post. He had taken over as the Infosys CFO in October 2012, replacing V Balakrishnan.

Vishal Sikka, CEO, Infosys, said, “Rajiv is a brilliant CFO and we will miss him even as we respect his decision and wish him continued success in his future endeavours.”

Bansal said, “I am proud of what we have achieved as a team and I am sure that Infosys, under the leadership of Vishal, will scale new heights in the times ahead.”

“Rajiv Bansal will continue as an advisor to the CEO and the Board till December 31, 2015 in order to provide a smooth transition”, Infosys stated.

Ranganath is a post graduate (PGDM) from the Indian Institute of Management (IIM), Ahmedabad and holds a master’s degree in technology from the Indian Institute of Technology (IIT), Madras.

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