Podcast | Editor's pick of the day— Latest Exfosyian: CFO MD Ranganath quits.

On the 18th of August 2017, a major earthquake rattled the Infosys landscape. Vishal Sikka, then CEO, stepped down from his role, possibly due to a conflict with the co-founders. A year to the date, there has been another major shift. This time, a man who has been with the company for about eighteen years, has decided to walk away from the family. MD Ranganath, Chief Financial Officer, has resigned his post to seek “professional opportunities in new areas.” He had assumed the role only three years ago after the exit of Rajiv Bansal, who had found himself in the middle of tensions with the then Sikka-led management team. Bansal was also at the heart of the controversy surrounding Infosys’s Panaya acquisition. Bansal had opposed it. Subsequently, he was paid a large, apparently unprecedented amount of severance by the previous board under the chairmanship of R Seshasayee. That exit had also attracted the ire of the founders. This exit of the CFO who replaced Bansal is – at least as of now – seeming not acrimonious.

But what does this exit mean to Infosys? Who will be the fourth CFO of the country’s second largest IT services firm in as little as five years? Does Infosys have an attrition problem that only seems to grow? How did industry watchers view this development? How did the stock market react to the news? (Hint: not well.) These will be among the questions we will aim to answer on our Story of the Day. My name is Rakesh, and you are listening to Moneycontrol.