Infosys’ presidents enter the million-dollar club. These are their salaries now

Infosys is going to give fat packages to their four presidents. The compensation of the four presidents has crossed $1 million, in fixed and variable pay.

Infosys is aligning its pay packages with the performances and appointed its four presidents and chief compliance officer as key management personnel.

The IT giant said it was looking to create close to 50-50 ratio of fixed to variable pay to closely align its top executives salaries with the company's performance.

Presidents Mohit Joshi, Ravi Kumar S and Sandeep Dadlani will take home $625,000 in fixed pay and an additional $500,000 in variable pay.

They will also receive 52,350 restricted stock units and 112,750 employee stock options.

Meanwhile, the fourth president Rajesh Murthy will receive $540,000 in fixed pay and an additional $450,000 in variable pay. Murthy will receive 45,000 restricted stock units and 96,900 employee stock options.

In a bid to align its structure and give greater client satisfaction, Infosys split its businesses into 15 smaller units. The presidents will take on broader corporate responsibilities.

Apart from the presidents, Infosys’ Chief financial officer MD Ranganath will get Rs 2 crore in fixed pay and an additional Rs 2 crore in variable pay. Group ' human resources head Krishnamurthy Shankar will earn Rs 2.34 crore in fixed pay and Rs 1.86 crore in variable pay.