Software major Infosys has promoted Ranganath D Mavinakere, Binod Hampapur Rangadore and Nithyanandan Radhakrishnan as members of the executive council.
The new appointment is effective immediately.
The development signals the turnaround strategy devised by chairman NR Narayana Murthy.
The executive council comprises senior-most members of the management team.
Mavinakere and Rangadore are a part of the chairman’s office, Murthy’s inner circle comprising his closest advisers. Rohan Murty, the son of the Infosys co-founder, is part of the office.
Mavinakere heads the cost optimization initiative. Rangadore is in charge of the new global delivery model that information technology services companies rely on to have work carried out both at clients’ locations and in India.
Mavinakere was the company’s chief risk officer in his last assignment. Nithyanandan Radhakrishnan is senior vice-president and general counsel.
As members of the council they will be entitled to an allowance of $150,000 per annum (Rs 93 lakh).
Rangadore has worked as head of the India business and corporate relations till 2012, before leaving the company.
