Infosys may soon see major changes in organizational structure
People familiar with the development told ET NOW that Infosys President NR Narayana Murthy is working on the final details of a reorganization that could be announced in the coming weeks. The same sources added while consultancy firm McKinsey is advising Infosys on the reorganization process, Infosys vice chairman Kris Gopalakrishnan and CEO SD Shibulal are also involved in the discussions.
Infosys, in response to email questions about this development, said, “As a politician, we do not comment on rumors and speculation.
One of the sources said: “McKinsey is the only outside agency involved in the process. The structure is constantly changing, but many changes are expected in the portfolios, delivery and sales structure. ”
The second person said that in terms of delivery, the company should simplify the current matrix structure, which creates confusion in the market. In terms of portfolios, the new company structure is expected to have a global delivery manager and a global sales manager, for whom the main candidates are board members BG Srinivas and Ashok Vemuri respectively. There is, however, some uncertainty as to whether the company will have a COO role.
As part of the reorganization, board member V Balakrishnan, who recently took over as chairman of Lodestone, is likely to be given a larger role where he will have ‘oversight of the board on finance ”, the CFO reporting to him.
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These developments come a month after Infosys founder NR Narayana Murthy returned to the company as executive chairman in a bid to revive the company’s fortunes. Infosys, once an IT metric, has lagged behind its peers in recent years as it struggled to implement its Infosys 3.0 strategy. But, Murthy’s return has raised hopes that the company will regain its mojo.
“Murthy is a very quick decision maker and it’s good that he’s already finalizing a reorganization. His simple return will not help Infosys. Changes are also needed and the sooner it does, the better, ”said a brokerage analyst who declined to be named.