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Infosy’s top management wage bill tops $10 million mark

BANGALORE: IT behemoth Infosys paid its top management a total remuneration of $10.7 million (over Rs 50 crore) during the last financial year, registering a 52% increase over the previous year, the company said in an annual regulatory filing with the US Securities and Exchange Commission (SEC).

The Bangalore-headquartered IT firm said the remuneration paid to its key management personnel, which includes directors and executive council members, had remained almost unchanged at about $7 million for the last two fiscals (2009-10 and 2010-11 ).

Stephen R Pratt, executive council member of Infosys, was the top paid executive with a totalcompensation package of $2 million in the last fiscal. B G Srinivas, who now heads the BFSI vertical, was paid $1.19 million as compensation, while Ashok Vemuri, the global head of manufacturing and engineering services units at Infosys, was paid $1.18 million. Infosys effected a key leadership reshuffle in February where two of its “CEO-material” leaders, Vemuri and B G Srinivas, interchanged their current roles and swapped their operating domains with effect from April 1, 2012.

Short URL: http://www.cckerala.com/?p=9994

Posted by on May 14 2012. Filed under Business India News. You can follow any responses to this entry through the RSS 2.0. Both comments and pings are currently closed.

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