Infosys President Steps Down With No Named Replacement

International consulting leader Infosys will need to find a new president when its current one officially resigns June 10.

According a press release, B.G. Srinivas is also giving up his seat on the company's board.

Infosys did not explain why Srinivas was leaving his posts, nor did the company announce who was replacing him, according to The Wall Street Journal.

The company's CEO and managing director said Srinivas was crucial to further advancing the company.

"During his tenure at Infosys, B.G. Srinivas played a pivotal role in building the Enterprise Solutions Unit, strengthening our business in Europe and driving growth in key business verticals," S.D. Shibulal said in a statement. "I would like to wish him the very best."

Infosys' executive chairman said he was glad to have been a part of Srinivas's efforts to develop the company.

"B.G. Srinivas has been an integral part of Infosys and has played an important role in the Company's growth." Narayana Murthy said in a statement. "The Board and every Infoscion thanks B.G. Srinivas for his wonderful contribution and wish him great success in his future endeavors."

Srinivas said he is glad he had the chance to influence a reputable company.

"I thank Infosys for the wonderful opportunity given to me. My tenure at Infosys has been one of my most rewarding experiences, and I am proud to have contributed to the best growth story in the industry," Srinivas said in a statement. "I wish the board and Infosys the best of success in the future."

According to The Journal, Srinivas joined Infosys in 1999, and led various businesses within the company.

Infosys helps clients keep ahead of business trends and surpass competitors, according to the release.

"We help them transform and thrive in a changing world by co-creating breakthrough solutions that combine strategic insights and execution excellence," the company wrote in a statement.

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