iGate, the outsourcing firm from India, had recently appointed Ashok Vemuri as its President and CEO effective on September 16. The company terminated the employment of its former CEO Phaneesh Murthy last May because of unbecoming conduct by having an undisclosed relationship with a subordinate.
According to iGate co-founder and co-chairman of the board Sunil Wadhwani, "After an extensive search process, we are delighted that Ashok will be joining iGate as president and CEO."
Vemuri on the other hand, would become a member of the Board of Directors iGate as confirmed by the Mumbai based company. Interim President and CEO Gerhard Watzinger, who took office since May 2013, would be retained by iGate in an advisory role to assist in the transition of the incoming President and CEO.
Vemuri comes from Infosys, as its former Head of Americas and Global Head of Manufacturing and Engineering while being a member of its board. He was in the running to be the next Infosys CEO to succeed retiring CEO SD Shibulai.
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