1, March, 2024
HomeBusinessAccenture Gains Key Leadership as Infosys Faces Senior Executive Exodus

Accenture Gains Key Leadership as Infosys Faces Senior Executive Exodus

Published on

Infosys, a prominent player in the Indian IT industry, is grappling with a series of senior resignations, intensifying the ongoing talent war with Cognizant. Binny Mathews, a seasoned professional and former senior executive at Infosys, recently joined rival firm Accenture, further highlighting the competitive landscape in the sector.

Read Also | Unveiling Procurement Frauds and Consumer Market Sector Challenges: Insights from KPMG Report

In a strategic move, Accenture welcomed Binny Mathews as the Chief Procurement Officer, where he will also head the company’s Procurement Plus (P+) capability. With over 15 years of experience at Infosys, Mathews held the position of Senior Vice President and Group Head of Procurement before making the transition to Accenture on January 3.

Accenture, in an official statement, outlined Mathews’ responsibilities, emphasizing his role in shaping the strategic direction for the global procurement spend. This includes the ongoing transformation of Accenture’s supply chain into a sustainable, diverse value chain, emphasizing responsible and profitable buying along with establishing 360° supplier partnerships.

Having previously worked with renowned organizations like the Tata Group, FreeMarkets (now SAP Ariba), and Marico in their procurement departments, Mathews brings a wealth of expertise to his new role at Accenture.

The move comes amid a broader trend of senior executives departing Infosys for rival firms, contributing to an escalating poaching war in the IT sector. Infosys has recently hinted at taking action against Cognizant for alleged unethical poaching practices, adding another layer to the ongoing rivalry between Infosys, Wipro, and Cognizant.

The competitive landscape has seen multiple senior-level appointments at Accenture, with Manish Sharma taking the reins as North America CEO and John Walsh assuming the role of Chief Operating Officer.

In response to the escalating talent war, Infosys and Wipro have filed lawsuits against Cognizant, accusing the rival company of unethical poaching tactics. Cognizant, however, has not issued any statements in response to these allegations.

Read Also | Navigating Your Career in Tech in 2024: Accenture, Lyft, VMware, and More

As Infosys navigates the challenges posed by the departure of key executives, the IT industry continues to witness a dynamic shift in leadership dynamics, with firms strategically positioning themselves in the competitive landscape.

Latest articles

WhatsApp Unveils Handy Pop-Out Chat Feature for Windows Beta

WhatsApp is set to revolutionize user experience with the introduction of a new pop-out...

Not-So-Neighborly Hollywood Stars: Tales of Trespassing and Turmoil

Living next to a Hollywood celebrity might sound like a dream, but for some...

Global Recognition: ‘Drishyam’ Franchise Set for Hollywood Remake After Korean Success

The Drishyam franchise, celebrated for its triumph in India and China, is poised for...

More like this

Bumble Initiates Restructuring, Announces Workforce Reduction

Bumble, the popular dating app, has disclosed plans to terminate approximately 30% of its...

Dailyhunt Nearing Acquisition of Indian Social Network Koo

Dailyhunt is reportedly in the final stages of discussions to acquire Koo, a Bengaluru-based...

Expedia Announces 1,500 Jobs Layout Amid Shifting Travel Landscape

Expedia Group is set to trim its global workforce by 9%, amounting to approximately...
Enable Notifications OK