Infosys Ltd., India’s second-largest software services provider, announced on Dec. 31 that general counsel and chief compliance officer David Kennedy would leave the company, effective the same day as the announcement. The company and Kennedy “mutually agreed” on Kennedy’s departure, according to the company, though some have questioned the seemingly sudden decision and the close to $1 million severance package.
Per a separation agreement entered into on Dec. 23, 2016, Kennedy will receive aggregate severance payments of $868,250 plus reimbursements for insurance over a period of 12 months. Palo Alto, California-based Kennedy, who joined Infosys in November 2014, can revoke his acceptance of the separation agreement within seven days. While the company searches for Kennedy’s replacement, deputy GC Gopi Krishnan will assume Kennedy’s duties as acting general counsel, the announcement states.
