BENGALURU: Deepak Padaki, EPP, Group Head of Strategy & M&A and Chief Risk Officer at Infosys, has left the firm after three decades with the company. Padaki had joined Infosys as a software engineer in 1992, immediately after graduating from engineering studies at the University of Mysore, and was soon leading telecommunications projects in the US and Canada.
An email to Infosys about Padaki’s exit went unanswered as of press time.
Padaki has had M&A responsibilities since 2008, except briefly in between, and has been instrumental in a number of M&As in recent years, including those of WongDoody, Brilliant fundamentalsSimplus, Fluido (Salesforce partner) and GuideVision (service now Partners) acquired to accelerate the company’s digital service offerings.
As part of the Executive Chairman in 2013-14, he led several organizational change initiatives. His team was instrumental in Infosys’ strategic partnership with Stater, a wholly owned subsidiary of Dutch lender ABN Amro Bank, which analysts had valued at $850 million over five years.
Padaki served on the boards of Infosys subsidiaries Edgeverve and Panaya. He worked closely with the Strategy and Risk Committee of the Infosys Board. He led Infosys’ $500 million innovation fund under former CEO Vishal Sikka.
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