Ashok Vemuri, age 45 joins iGate as its President and Chief Executive Officier with an annual base salary of $1.3 million (around Rs 8.15 crore), close to twice what he was getting at Infosys.

 iGATE Corporation announced the appointment of Ashok Vemuri, age 45, as its President and Chief Executive Officer, effective September 16, 2013.

Mr. Vemuri joined the Company from Infosys Limited (Infosys), where he most recently served as Member of the Board of Directors of Infosys, Head of Americas and Global Head of Manufacturing and Engineering Services of Infosys. Mr. Vemuri also previously served as the Chairman of Infosys China and was on the Board of Infosys Public Services. Prior to that, he established and ran the Financial Services and Insurances business for nine years, making it the largest business unit within Infosys. In his role as Head of Americas, Mr. Vemuri was responsible for Infosys business operations in the companys largest region - with $4.7 billion in revenues.
According to Infosys’ annual report for 2012-2013, Vemuri’s annual base salary was $708,000 (Rs 3.86 crore based on the exchange rate at that time). During that period, Vemuri’s total compensation including bonus incentive of $190,978 and other annual income of $5,400 stood at $904,378 (Rs 4.91 crore).

Vemuri will be employed initially for a five-year term started September 16, 2013, at iGate, the filing said.

Education Qualification

Mr. Vemuri received a Bachelors degree with Honors in Physics from St. Stephens College, Delhi, and a Post Graduate Diploma in Marketing Management from the Indian Institute of Management, Ahmedabad.