Infosys Executive Vice-President Ritika Suri Stops

Express News Global

Ritika Suri, who led the acquisition of Israeli automation innovation company Panaya for Infosys, was based from the United States.

All India|Press Trust of India|Updated: July 18, 2017

Ritika Suri was brought into Infosys by CEO Vishal Sikka in September 2014.
Ritika Suri was brought into Infosys by CEO Vishal Sikka in September 2014.

HIGHLIGHTS

  • Ritika Suri led the acquisition of Israeli company Panaya for Infosys
  • She was brought into Infosys by Vishal Sikka in September 2014
  • The factor for her exit might not be determined

New Delhi: Infosys executive vice-president Ritika Suri, who was concentrated on getting big offers, has actually resigned from the business, inning accordance with sources.

Suri, who led the acquisition of Israeli automation innovation company Panaya for Infosys, was based from the United States.

A previous executive at SAP, Suri was brought into Infosys by CEO Vishal Sikka in September 2014. She was later on raised as the EVP (Corporate Development and Ventures).

She likewise assisted Infosys established a $500 million endeavor fund to buy start-ups, and specifically those dealing with locations like expert system and automation.

The sources stated Suri put in her documents recently and is serving out her notification duration.

They did not want to be determined as they are not authorised to speak on the matter.

The factor for Suri’s exit might not be established.

When called, Infosys stated: “We do not discuss speculations connected to visits or exits of executives besides crucial management workers.”

Remarkably, Suri was previously taken part in an acquisitions and mergers (M&A s) function and led the controversial acquisition of Israeli automation innovation company, Panaya.

The offer had actually raised eyebrows with accusations like Infosys paying too much for the offer being made. An independent forensic examination by Gibson Dunn & Crutcher last month offered a tidy chit to Infosys on the offer.

The exit of the senior executive likewise begins the heels of the departure of Infosys’ Americas Head Sandeep Dadlani, who was accountable for about one-third of the business’s yearly service.