The chief financial officer (CFO) at Infosys, Mavinakere Dwarakanath Ranganath has resigned from his position. He is a key managerial personnel for the company.

In an exchange filing after a board meeting today, the IT giant said, "The Board at its meeting held today has accepted the resignation of M. D. Ranganath as the Chief Financial Officer and Key Managerial Personnel of the Company. Ranganath will continue in his current position as Chief Financial Officer till November 16, 2018. The Board will immediately commence the search for the next Chief Financial Officer."

In tendering his resignation, Ranganath stated that, "After a successful career spanning 18 years in Infosys including as CFO for the last 3 crucial years, I now plan to pursue professional opportunities in new areas."

In his 18 years of service at Infosys, MD Ranganath has been a part of the Infosys Leadership team and has played several leadership roles in the areas of consulting, finance, strategy, risk management and M&A.