Infosys Executive VP Ritika Suri, Who Led Panaya Deal, Quits
Infosys executive vice-president Ritika Suri, who was focused on getting large deals, has resigned from the company, according to sources.
Suri, who led the acquisition of Israeli automation technology firm Panaya for Infosys, was based out of the US. A former executive at SAP, Suri was brought into Infosys by CEO Vishal Sikka in September 2014. She was later elevated as the EVP (Corporate Development and Ventures).
She also helped Infosys set up a $500 million venture fund to invest in start-ups, and especially those working on areas like artificial intelligence and automation.
The sources said Suri put in her papers last week and is serving out her notice period. They did not wish to be identified as they are not authorised to speak on the matter.
The reason for Suri's exit could not be ascertained. When contacted, Infosys said "We do not comment on speculations related to appointments or exits of executives other than key management personnel".
Interestingly, Suri was earlier engaged in a mergers and acquisitions (M&As) role and led the contentious acquisition of Israeli automation technology firm, Panaya. The deal had raised eyebrows with allegations like Infosys overpaying for the deal being made. However, an independent forensic investigation by Gibson Dunn & Crutcher last month gave a clean chit to Infosys on the deal.
The exit of the senior executive also comes on the heels of the departure of Infosys' Americas Head Sandeep Dadlani, who was responsible for about one-third of the company's annual business.
(PTI)
