In an internal mail sent to its employees, the company said it "has appointed Michael Reh as Senior Vice President and the new Global Head of Finacle."
The country's second largest IT firm Infosys is learnt to have roped in former SAP executive Michael Reh to head its core banking solution business Finacle.
In an internal mail sent to its employees, the company said it "has appointed Michael Reh as Senior Vice President and the new Global Head of Finacle."
Reh, who joined Infosys on October 1, has replaced M Haragopal who has resigned from Infosys to pursue his own work.
He has earlier served as earlier Executive Vice-President of SAP - the company from Infosys present Chief Executive Officer and Managing Director has come.
Reh is likely to take charge from mid-October.
No immediate comments were received from Infosys.
Infosys stock price
On October 07, 2014, at 09:23 hrs Infosys was quoting at Rs 3838.75, down Rs 8.45, or 0.22 percent. The 52-week high of the share was Rs 3859.90 and the 52-week low was Rs 2894.00.
The company's trailing 12-month (TTM) EPS was at Rs 185.71 per share as per the quarter ended June 2014. The stock's price-to-earnings (P/E) ratio was 20.67. The latest book value of the company is Rs 733.03 per share. At current value, the price-to-book value of the company is 5.24.
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