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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.

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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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