India's second largest IT
services exporter Infosys Ltd (INFY.NS) is under pressure to bring in a new
chief executive soon, to check an exodus of junior staff and reassure investors
after a slew of departures at the top.
Shares in Infosys, the most
widely held Indian stock, fell to their lowest level in nine months on
Thursday. This took effect the day after they announced that the president and
board member, B.G. Srinivas had resigned.
The departure of Srinivas,
the 10th senior executive to exit in the last year, widens a leadership vacuum
at Infosys as it searches for a new chief executive.
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