Infosys senior VP Binny Mathews joins international IT main Accenture, shares new position

Infosys has misplaced one other senior government. Infosys senior vp Binny Mathews has joined Accenture. International IT consulting main Accenture has appointed Mathews as its chief procurement officer and head of the corporate’s Procurement Plus (P+) functionality. “Mathews will probably be answerable for main the strategic path for Accenture’s international procurement spend.This contains persevering with the transformation of the corporate’s provide chain right into a sustainable, various worth chain, dedicated to accountable and worthwhile shopping for and 360° provider partnerships,” Nasdaq-listed Accenture mentioned in an announcement.
Matthews mentioned, “I’m excited to steer Procurement Plus and proceed advancing Accenture’s international management in accountable shopping for, with sustainability, transparency, agility and inclusivity underscoring how we work with our suppliers around the globe and throughout {the marketplace}.”
“Binny will play a vital position in how we energy innovation, development and enterprise continuity for the group, guaranteeing that our international technique is executed based mostly on native demand, and that we lead with data-driven methods to ship worth,” mentioned Margaret Smith, senior managing director and government director of company providers and sustainability at Accenture.

Spent 15 years at Infosys

An Infosys veteran, Mathews was a senior vp and group head of procurement on the firm. Mathews joined Accenture on January 3, 2024. With this, Mathews, who was with Infosys for 15 years, joins the checklist of senior executives who’ve left the corporate since final 12 months. Beforehand, Mathews labored on the Tata Group, FreeMarkets (now SAP Ariba) and Marico within the procurement divisions.
The ‘poaching saga’ continues
The 12 months 2023 has seen a number of senior IT executives becoming a member of rival firms. Each Infosys and Wipro have misplaced a number of key degree senior executives to rival firms. In 2023 alone, Infosys has misplaced round ten senior executives to its competitors.
This has additionally resulted in at the least two lawsuits by Wipro towards its former staff who joined competitor Cognizant. Infosys too has reportedly written a powerful communication to Cognizant alleging the worldwide firm of “unethical poaching techniques”.
In September 2023, Accenture additionally introduced company-wide restructuring. The corporate introduced 5 senior-level appointments together with Manish Sharma as its North America CEO, John Walsh as its chief working officer, Steve Ferneyhough as chief strategic accounts & international gross sales officer, Paul Daugherty as chief know-how & innovation officer and Karthik Narain to be the group chief government for know-how.