Bangalore: Infosys Ltd has named 12 new members to its executive council, in a move that hands more power to mid-level managers amid an organizational overhaul led by founder and chairman N.R. Narayana Murthy.

The latest move is seen as an attempt by chairman Narayana Murthy to retain top level talent after the exits of some top-level leaders such as Americas head Ashok Vemuri, global sales head Basab Pradhan and US financial services head Sudhir Chaturvedi.

India’s second largest software exporter appointed Dheeshjith V.G., Eric Paternoster, Ganesh Gopalakrishnan, Gautam Thakkar, Haragopal Mangipudi, Jackie Korhonen, Manish Tandon, Muralikrishna K., Ravi Kumar S., Ronald Hafner, Sanjay Jalona and Subrahmanyam Goparaju to the council, it said in a regulatory filing to the Securities and Exchange Commission, the capital markets regulator in the US.

Infosys has American depositary receipts listed on the New York Stock Exchange.

“We have strengthened our executive council to help us drive focus on key growth areas and have expanded it to include 12 new members," Infosys said in a statement to Mint.

The appointments are effective 1 November. Infosys said the executives will be entitled to an extra yearly allowance of $150,000 as council members, which will have a total of 30 members after the latest induction.

The latest appointments mark the highest number of members in the executive council at any given point in the company’s history and come on the back of several reshuffles at the top that have seen the exits of top-level leaders such as Vemuri, Pradhan and Chaturvedi.

In September, Infosys had conducted another reshuffle that handed more powers to executives such as business IT services head Chandrashekar Kakal, V. Balakrishnan and Pravin Rao. After the exits of Vemuri and Pradhan, Prasad Thrikutam has been overseeing the Americas business and Europe head BG Srinivas has been overseeing global sales.

Earlier this year, Infosys had inducted three new members to its executive council naming Ranganath D. Mavinakere, Binod Hampapur Rangadore and Nithyanandan Radhakrishnan as the newest members of the council who would report directly to Narayana Murthy, who himself was recalled by the Infosys board to script a turnaround in its fortunes.

Since Narayana Murthy’s comeback, Infosys has signalled its intent on chasing traditional large outsourcing contracts to recapture growth. Over the past two years, under current CEO and co-founder S.D. Shibulal, Infosys had articulated a vision to get one-third of overall revenue from newer areas of technology such as Big Data analytics, cloud computing and mobility in a strategy called 3.0.

With Narayana Murthy’s return, the 3.0 strategy appears to have taken a backseat, with leaders such as Shibulal and CFO Rajiv Bansal also signalling the company’s intention of going after traditional “bread and butter" outsourcing business after the company’s latest quarterly results. Infosys posted strong double digit revenue growth in its September quarter.

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