Amid the ongoing talent war between Indian IT giants, Infosys has witnessed another significant departure, as veteran executive Binny Mathews makes the strategic move to rival firm Accenture. With a career spanning over 15 years at Infosys, Mathews served as the Senior Vice President and Group Head of Procurement, contributing significantly to the company’s strategic sourcing initiatives.
Binny Mathews officially assumed the role of Chief Procurement Officer and Head of Procurement Plus (P+) capability at Accenture on January 3 after his resignation from Infosys. His transition marks the latest in a series of senior executives parting ways with Infosys, a trend that has stirred the competitive landscape within the Indian IT sector.
Accenture, in an official statement, outlined Mathews’ responsibilities, stating that he will spearhead the strategic direction for Accenture’s global procurement spend. This includes driving the transformation of the company’s supply chain into a sustainable, diverse value chain, emphasizing responsible and profitable buying practices, and fostering 360° supplier partnerships.
Mathews’ extensive experience includes stints at esteemed organizations such as the Tata Group, FreeMarkets (now SAP Ariba), and Marico, where he played pivotal roles in their procurement divisions before joining Infosys. His arrival at Accenture aligns with the company’s strategic objectives, particularly in fortifying its procurement capabilities and driving sustainable supply chain practices.
Accenture has been making strategic senior-level appointments, further strengthening its leadership team. Notable additions include Manish Sharma as the North America CEO and John Walsh as the Chief Operating Officer.
This move comes against the backdrop of Infosys and Wipro engaging in a contentious battle against rival firm Cognizant, accusing the latter of employing unethical poaching tactics. The restructuring initiatives at Cognizant have resulted in the hiring of approximately 20 new executives, with a significant portion coming from Infosys and Wipro.
Wipro has taken legal action, filing lawsuits against former employees, including CFO Jatin Dalal, who joined Cognizant, citing breach of contract. Infosys, too, has conveyed its objections to Cognizant, accusing the firm of unethical hiring practices. Cognizant, however, has not issued a statement in response to these allegations. Taazi News 24 has extended its presence to WhatsApp. Tap here to join and receive the latest updates on Taazi News 24.
FAQs: (Frequently asked Questions)
- What was Binny Mathews’ role at Infosys before joining Accenture?
Binny Mathews held the position of Senior Vice President and Group Head of Procurement at Infosys before his move to Accenture.
- When did Binny Mathews officially join Accenture?
Binny Mathews commenced his role as Chief Procurement Officer at Accenture in January.
- What are Binny Mathews’ responsibilities at Accenture?
Mathews is tasked with leading the strategic direction for Accenture’s global procurement spend and overseeing the transformation of the company’s supply chain into a sustainable, diverse value chain.
- Who are the recent senior-level executives appointed by Accenture?
Accenture has recently appointed Manish Sharma as its North America CEO and John Walsh as its Chief Operating Officer.
- What legal actions have Infosys and Wipro taken against Cognizant?
Both Infosys and Wipro have accused Cognizant of unethical poaching tactics, with Wipro filing lawsuits against former employees who joined Cognizant.
- How many executives has Cognizant hired from Infosys and Wipro?
Cognizant has hired approximately 20 new executives, with a significant number coming from Infosys and Wipro.
- What actions has Wipro taken against its former employees who joined Cognizant?
Wipro has filed lawsuits against its former employees, including CFO Jatin Dalal, who joined Cognizant, citing breach of contract.
- Has Cognizant responded to the allegations of unethical hiring practices?
As of now, Cognizant has not issued any statement in response to the allegations made by Infosys and Wipro.
- What is the significance of Accenture’s recent senior-level appointments?
Accenture’s strategic senior-level appointments, including Binny Mathews, signify the company’s commitment to strengthening leadership and enhancing capabilities, particularly in procurement and supply chain practices.
- How is the talent war affecting the Indian IT sector?
The talent war, marked by senior executive movements among major IT firms, is intensifying competition and leading to legal battles, reflecting the heightened importance of retaining skilled professionals in the industry.
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