Infosys' chief compliance officer quits; replacement named

Written By Unknown on Minggu, 20 April 2014 | 23.25

Country's second largest software services firm Infosys has appointed Parvatheesam Kanchinadam as its Chief Compliance Officer and Ombudsman to its whistleblower policy.

Country's second largest software services firm  Infosys has appointed Parvatheesam Kanchinadam as its Chief Compliance Officer and Ombudsman to its whistleblower policy.

"On April 15, 2014, the board appointed Parvatheesam Kanchinadam, an executive officer of the Company, as the Chief Compliance Officer," Infosys said in a statement.

In this role, Kanchinadam also acts as the ombudsman to whistleblower policy, it added.

Kanchinadam succeeds Nithyanandan Radhakrishnan, who is leaving Infosys to become an independent consultant on international legal matters and the IT services major will be his first significant client.

Also read: Infosys Q4 net beats street, FY15 $ rev guidance at 7-9%

As the Chief Compliance Officer, Kanchinadam will be primarily responsible for overseeing and managing regulatory compliance at Infosys.

He is also the Company Secretary, where his responsibility is to manage board procedures and ensure that it is ably equipped with resources to discharge its fiduciary duties and corporate governance practices.

Parvatheesam holds a Bachelor of Commerce (Hons) degree and is a member of the Institute of Company Secretaries of India.

Infosys stock price

On April 17, 2014, Infosys closed at Rs 3189.90, up Rs 33.50, or 1.06 percent. The 52-week high of the share was Rs 3847.20 and the 52-week low was Rs 2190.00.


The company's trailing 12-month (TTM) EPS was at Rs 177.52 per share as per the quarter ended March 2014. The stock's price-to-earnings (P/E) ratio was 17.97. The latest book value of the company is Rs 805.47 per share. At current value, the price-to-book value of the company is 3.96.


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