iGate names ex-Infosys Americas head as CEO

Written By Unknown on Kamis, 12 September 2013 | 10.56

IT outsourcing company iGate Corp named Ashok Vemuri as its chief executive, nearly four months after sacking its then CEO Phaneesh Murthy over an undisclosed relationship with a subordinate.

Vemuri was till recently the Americas head and global manufacturing chief of bigger rival Infosys , India's second-largest software services exporter.

Also read: Ashok Vemuri likely to be next iGate CEO

Vemuri, who was widely considered a contender to succeed Infosys' Chief Executive SD Shibulal, will also join iGate's board.

Interim President and CEO Gerhard Watzinger will remain with iGate in an advisory role temporarily to assist in the transition, the company said.

Phaneesh Murthy, one of the industry's best-known executives, was sacked after a company sexual harassment investigation revealed that he had not disclosed a relationship with a subordinate.

IGate shares closed up 2 percent at USD 26.46 on the Nasdaq on Wednesday.



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