Amid Low Attrition, IT Companies See a Massive Churn in Top Leadership | In the News

The spate of resignations continues at the top level of large IT companies. On Friday, the former HR head and executive vice president of Infosys, Richard Lobo, put in his papers. Many senior-level executives at top IT companies have resigned this year. The most well-documented exits are of former CEO of TCS, Rajesh Gopinathan, and former Infosys presidents Ravi Kumar and Mohit Joshi.

Peter Bendor-Samuel, CEO of Everest Group, said, “An interesting secular force driving both the need for new CEOs and their subsequent organizational changes is the change in the industry. The industry is at an inflection point as it moves away from the legacy + digital modernization stage to a digital run phase.”

Read more in Financial Express.

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