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Infosys CFO Ranganath quits; move may impact firm's stabilisation efforts

M D Ranganath's departure an irreparable loss for Infosys at such a critical juncture, says founder Narayana Murthy

Infosys
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From left: Infosys COO U B Pravin Rao, CEO & MD Salil Parekh and CFO M D Ranganath at a press conference to announce the company’s quarterly results at the Electronic City campus in Bengaluru on Friday. Photo: Saggere Radhakrishna

Bibhu Ranjan MishraDebasis Mohapatra Bengaluru
In a move that might add to Infosys' woes, M D Ranganath, a company veteran who is currently its chief financial officer (CFO), has decided to leave the IT major to pursue external opportunities. 
 
In a release on Saturday, Infosys said that the board of directors has accepted his resignation, and the company will immediately commence the search for the next CFO. The company also said that Ranganath will continue in his current position till November 16, which will ensure smooth transitioning of role to his successor.

"Over the past 18 years, Ranga has played a pivotal role in the

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