The C-suite of Indian IT giant Infosys has undergone another change. Sushanth Tharappan, a prominent executive, has been selected to replace Richard Lobo as the organization’s current head of human resources this time.
Additionally, Lobo, who has worked for the Indian IT services company for more than 22 years, will join the special projects team, which is led by Salil Parekh, the company’s CEO. The Xavier Institute of Management graduated Lobo. He graduated from Manipal Institute of Technology with a Bachelor of Engineering in Mechanical.
Tharappan’s duties after the restructure will include executive development and succession planning. Since 2000, the executive has worked for Infosys. He held a number of positions at the business throughout the years, including Chief People Officer at Edgeverve, Head of HR for Products, Platforms, and Solutions, Global Head for Talent Acquisition, etc. Tharappan graduated with a BSc in science from St. Aloysius College before going on to Mangalore University to earn an MBA.
This is the second time the senior leadership of Infosys’ HR division has changed. Shaji Mathew was appointed as the organization’s new worldwide head of human resources earlier this year. Krish Shankar, who retired in March, was replaced by Mathew. Mathew oversaw the Infosys centre in Mysore prior to this.
On July 20, the provider of IT services is expected to release its first-quarter financial results. The company predicted sales growth of 4–7% for FY 2023–23 at the Q4 FY23 earnings call.
Infosys Chairman Nandan Nilekani emphasised the company’s “solid foundation” in last week’s annual general meeting. In addition, he said that the company’s deal pipeline is “strong” because to the 95 sizable deals it closed previous fiscal year, totaling $9.8 billion.
At the same meeting, CEO Parekh voiced caution and noted that the weakening global economy had altered the general demand environment for IT services.