MD Ranganath, chief financial officer of IT giant Infosys, has resigned from the company. Confirming the news about Ranganath's resignation, a statement from Infosys said that he was moving out to "pursue professional opportunities in new areas".
Ranganath, who has worked with Infosys for about 18 years, will continue in his current position till November 16, 2018, the statement added.
"After a successful career spanning 18 years in Infosys including as CFO for the last 3 crucial years, I now plan to pursue professional opportunities in new areas," Ranganath said.
"I am proud that over the last 3 years, during a critical phase of the company, we delivered strong and consistent financial outcomes, maintained high standards of financial reporting, built a world class finance team, further strengthened the company’s competitive position and thereby enhanced value to the stakeholders," the outgoing Infosys CFO added.
Ranganath had taken over the role in 2015 after the then CFO Rajiv Bansal had quit.
Reacting to Ranganath's decision, Infosys board chairman Nandan Nilekani said lauded him for playing a pivotal role in the growth and success of Infosys.
"Over the last 18 years Ranga has played a pivotal role in the growth and success of Infosys. During his long stint in the company, I have seen him in a wide spectrum of leadership roles," Nilekani said.
Ranganath has been a part of the Infosys Leadership team and has played several leadership roles in the areas of consulting, finance, strategy, risk management and M&A.
(With inputs from PTI)