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Srinivas quits Infosys to join PCCW in Hong Kong
NEW DELHI: B G Srinivas, until now Infosys president, is set to join Hong Kong-based diversified group PCCW as Group managing director in July.
Infosys has announced the resignation of Srinivas who has been in India’s second largest IT services firm for 15 years and was considered a top contender for the CEO post at the over USD 8 billion IT giant at the end of present CEO Shibulal’s retirement in June next year.
In a statement, PCCW today said: “PCCW is pleased to announce today the appointment of Srinivas Bangalore Gangaiah as its group managing director with effect from 14 July.”
Srinivas will succeed George Chan, who will retire from his position as the Group MD, following completion of his contract with the company on 7 July 2014.
“I am confident that his (Srinivas) immense IT knowledge, experience in service-oriented organisations, leadership skills and international perspective will provide PCCW Group with additional momentum,” PCCW chairman Richard Li said.
He added that Srinivas will help develop PCCW’s media and IT businesses locally and internationally. With revenues of over USD 3.5 billion in 2013, PCCW is a Hong Kong-based company with interests in telecommunications, media, IT solutions, property development and investment, and other businesses.
Srinivas’ resignation is the tenth top-level exit from Infosys since the return of co-founder NR Narayana Murthy at the helm of affairs in June last year.
At Infosys, Srinivas led key portfolios like financial services, manufacturing and public services. He was also the firm’s highest-paid executive (annual compensation of Rs 7.52 crore in 2013-14 fiscal).
Srinivas, who joined Infosys in 1999, was elevated to the post of president earlier this year in January. Prior to joining Infosys, Srinivas spent 14 years at power and automation technologies firm ABB, where he held several leadership positions.
He holds a degree in mechanical engineering from Bangalore University and has participated in executive programmes at Wharton Business School and Indian Institute of Management, Ahmedabad.
MAM
McDonald’s India CBO Arvind RP exits after seven years
The chief business officer exits after a stint that took him from marketing to leading South India operations.
MUMBAI: Arvind RP is out. The chief business officer of McDonald’s India has stepped down from the fast-food giant after more than seven years, and is currently serving out his notice period.
It is a significant exit. Arvind joined McDonald’s India in 2019 as director of marketing and communications, a fairly conventional brief, but steadily accumulated responsibilities until he was running the profit and loss for the company’s entire South India operation, with store operations, new outlet development, marketing, human resources and training all falling under his remit.
In a LinkedIn post, he was characteristically warm about his time there. “Looking back, many of the moments that stand out in my career aren’t just about outcomes or milestones; they’re about the incredible people who were part of the journey,” he wrote, adding that he had been “lucky to be surrounded by fantastic team members.”
Before McDonald’s, Arvind spent six years at skincare chain Kaya, where he led marketing and analytics, overseeing brand-building, product innovation and digital and customer relationship management. His career spans a remarkable sweep of Indian industry: retail at Levi Strauss & Co, consumer goods at Britannia Industries, and automobiles at TVS Motor Company, where he also took an international posting in Jakarta.
With 25 years of experience across quick-service restaurants, beauty, fashion and FMCG, Arvind will not be short of takers. The only question is who moves first.
