Infosys Shares Dip 1% as CFO Resigns; Jayesh Sanghrajka Appointed Successor

12 Dec 2023 , 10:09 AM

Infosys share price declined over 1% in opening trades on December 12 following the announcement of CFO Nilanjan Roy’s resignation. The company promptly appointed Jayesh Sanghrajka as the new Chief Financial Officer.

Nilanjan Roy’s resignation, effective March 31, 2024, was noted by the board, leading to the appointment of Jayesh Sanghrajka, effective April 1, 2024.

Infosys CEO & MD, Salil Parekh, expressed appreciation for Nilanjan’s leadership over the past five years and welcomed Jayesh Sanghrajka, highlighting his extensive experience.

Infosys share price has fallen nearly 5% in the last year, underperforming Sensex and BSE IT index.

Q2FY24 reported a 3.2% YoY rise in consolidated net profit at ₹6,212 crore, with revised revenue growth guidance of 1-2.5%.

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