Infosys BPO removes CFO Abraham Mathews for violating code of conduct

The CEO and finance chief of Infosys BPO have left the company after the parent discovered what it termed as failure to comply with its “code of conduct”, the first such incident at India’s second-largest software firm.

Infosys, widely respected for its transparency and corporate governance standards, appointed veteran executive Anup Uppadhayay as new CEO replacing Gautam Thakkar who resigned on “moral grounds”. CFO Abraham Mathews was asked to leave after he failed to report fraud by an employee at one of Infosys BPO’s subsidiaries. Mathews is being replaced by Deepak Bhalla.

“I am very confident that under the leadership of Anup and Deepak, our BPO practice will become an exemplar on how business processes should run,” the statement quoted Infosys CEO Vishal Sikka as saying. Thakkar, one of the 13 executive vice presidents at Infosys, will leave the company after November 30, until when he will work with the newly-appointed chief executive.

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