NEW DELHI: IT services major Infosys on Tuesday said its president Ravi Kumar S has resigned from his post. The company did not give any reason for the move which comes just days ahead of its second quarter earnings announcement.
“The board of directors placed on record their deep sense of appreciation for the services rendered by Ravi Kumar S. for his contributions to the company,” Infosys said in a regulatory filing.
In his role as president, Ravi Kumar S led the Infosys Global Services Organisation across all industry segments.
He led the services lines and specialised digital sales across consulting, technology, infrastructure, engineering and process verticals.
Starting his career as a nuclear scientist at the Bhabha Atomic Research Center, he joined Infosys in 2002 and was appointed as its president in 2016.
In 2017, he was named as the Deputy COO and was widely tipped to be the company’s COO, but Infosys later did away with the post of the COO after the retirement of incumbent UB Pravin Rao.
According to the 2021-22 annual report of Infosys, Kumar was the third highest-paid senior executive of the company after CEO Salil Parekh and former COO UB Pravin Rao.
Shares of Infosys, which is to announce its second-quarter earnings on October 13, ended 2.65 per cent lower at Rs 1,423.90 apiece on the BSE.
The company board at its meeting on October 13 will also to consider a share buyback.
Source: Press Trust of India
Elon Musk ropes in Sriram Krishnan as Twitter’s technology executive
NEW YORK: Sriram Krishnan, an Indian-American technology executive, is helping out Twitter’s new owner Elon Musk as he revamps the social media giant following its acquisition by the billionaire entrepreneur.
Krishnan is a general partner at Silicon Valley venture capital firm Andreessen Horowitz (a16z).
Now that the word is out: I’m helping out @elonmusk with Twitter temporarily with some other great people. I (and a16z) believe this is a hugely important company and can have a great impact on the world and Elon is the person to make it happen, Krishnan tweeted.
Krishnan added that he is still very much in my day job at @a16zcrypto. If you’re a crypto founder, you know how to find me!.
According to his profile on Andreessen Horowitz’s website, Krishnan invests in early-stage consumer startups and serves on the boards of companies Bitski, Hopin, and Polywork.
Prior to joining a16z, Chennai-born Krishnan held numerous senior product roles and most recently, he led core consumer teams at Twitter where he was responsible for products including the home timeline, new user experience, search, discovery, and audience growth, his profile said.
Previously, he created and oversaw various mobile ad products for Snap and Facebook, including Snap’s Direct Response ads business and the Facebook Audience Network, one of the largest networks in display advertising, his profile said. Krishnan started his career at Microsoft where he touched numerous projects related to Windows Azure.
Author of “Programming Windows Azure” published by O’Reilly, he also co-hosts with his wife Aarthi Ramamurthy The Good Time Show’ on Clubhouse, a nightly show through which they interview innovators around tech and culture.
He is an alumnus of SRM Engineering College, Anna University where he did his Bachelor of Technology (B.Tech) in Information Technology, according to his LinkedIn profile.
Last week, Musk completed the USD 44 billion acquisition of Twitter and ousted chief executive Parag Agrawal, legal executive Vijaya Gadde, Chief Financial Officer Ned Segal and General Counsel Sean Edgett.
Musk, according to reports, plans to rethink the company’s content moderation policies and permanent bans for users who previously violated the platform’s policies, including former President Donald Trump, although he said over the weekend that no major decisions have been made yet. He also is reported to be planning large layoffs at the company.
Musk has said the process of gaining a prestigious “blue tick” will be revised. Reports said the firm could start charging USD 20 per month to be verified. Many of Twitter’s most prominent verified users said they would leave if it tried to implement the plan.
Stephen King, an American author, tweeted: “USD 20 a month to keep my blue check? F that, they should pay me. If that gets instituted, I’m gone like Enron.
Hours later, Musk replied to King: We need to pay the bills somehow! Twitter cannot rely entirely on advertisers. How about USD 8?
A blue tick is currently free and a way of signalling an account is authentic. While there has been no official confirmation of the plan, on Monday Musk appeared to acknowledge the speculation in a new tweet which said: “On no, all our diabolical plans have been revealed!!”
In a separate development, Musk has denied a New York Times report that he plans to lay off Twitter workers before the start of next month to avoid having to make payouts.
The New York Times reported that Musk had ordered major job cuts across Twitter’s workforce.
Citing people with knowledge of the situation, the report said that some managers were being asked to “draw up lists of employees to cut.
The newspaper said the layoffs would take place before November 1, when workers were due to receive grants of shares in the company as a major part of their pay deals. But replying to a Twitter user asking about the report, he said: “This is false.”
The takeover has prompted discussion among Twitter users over what the platform will look like under Musk’s ownership, the BBC said.
Some have voiced concerns that more lenient free speech policies would mean people banned for hate speech or disinformation may be allowed back to the platform.
Source: Press TRust of India
Siemens Digital Industries Software appoints Mathew Thomas as Managing Director for India
NEW DELHI: Siemens Digital Industries Software has announced the appointment of Mathew Thomas as the new Country Manager and Managing Director for India. Mathew succeeds Suprakash Chaudhuri, effective immediately.
Bringing 30 years of industry experience to the role, Mathew, and his team, aim to drive profitable growth through customer success and by nurturing a high-performance organization. Previously, Mathew served as the Head of Sales for Software and Hardware business for four years, where he played an instrumental role in helping the India business witness significant year-on-year growth.
“I am delighted to welcome Mathew as the Country Manager and Managing Director for India. His strong experience in business will help Siemens continue to develop solid relationships with our customers in the region, assist them in making the switch to a software-driven manufacturing strategy and open up fresh prospects for the market.” said Bas Kuper, Senior Vice President and Managing Director Asia Pacific, Siemens Digital Industries Software.
Commenting on his appointment, Mathew said “I am excited about the new role and thrilled to be a part of the Siemens digital transformation journey. I look forward to helping strengthen our client and ecosystem relationships in India that support our growth ambitions in this region”.
Prior to joining Siemens Digital Industries Software, Mathew worked at Ernst & Young LLP (EY) where he was part of the Digital & Technology Advisory leadership team and helped to build and grow the Technology Business in India. Mathew also served as Vice President – Strategic Industries with SAP where he was responsible for building and growing the Strategic Industries Unit. In Oracle, he worked as Senior Director – Applications Channels driving growth for Oracle’s Applications business. He has also worked at Wipro, Tata & Godrej in the early part of his career.
Airtel appoints former Cabinet Secretary as independent director
NEW DELHI: Bharti Airtel, India’s premier communications solutions provider, today announced the appointment of PK Sinha and Shyamal Mukherjee as Independent Directors on its Board of Directors. The appointments are subject to approval by shareholders at Airtel’s upcoming Annual General Meeting.
PK Sinha, IAS (Retd.), served as the Cabinet Secretary for more than 4 years before moving to the Prime Minister’s Office. He retired from there in March 2021 after 44 years of continuous service to the nation. He has been a Government nominee Director in numerous major Public Sector Undertakings and is well versed with the principles of healthy corporate governance.
Shyamal Mukherjee is the former Chairman and Senior Partner of PwC lndia and was at the forefront of making PwC a future-ready firm. Shyamal began his professional journey with PwC in 1984 and became a partner in 1993. He held several leadership roles at PwC India, including Brand & Strategy leader and Leader of India Tax practice. Shyamal also serves as an Independent Director on the board of ITC Ltd and a member of its Audit Committee.
The Company added that Manish Kejriwal, Lead Independent Director, would be retiring on September 25, 2022 on completion of his second tenure. Shishir Priyadarshi would be leaving the board with effect from October 31, 2022 to devote time towards his other professior,21 commitments. D. K. Mittal IAS (Retd.), would be designated as Lead Independent Director with effect from September 26, 2022.
Sunil Bharti Mittal, Chairman, Bharti Airtel said: “Airtel takes pride in having one of the most distinguished Board of Directors that is committed to high standards of corporate governance. These appointments are made with a long term view – to make the board future-ready, address the long term requirements of the Company and ensure smooth transition in key board positions. On behalf of the Board, I welcome PK Sinha and Shyamal Mukherjee and their valuable experience will add immense value to Airtel’s growth journey. I also want to thank fv1ani:;h Kejriwal and Shishir Priyadarshi for their tremendous contribution to Airtel.”
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