
Ashok Vemuri
Indian-American businessman
Ashok Vemuri (born April 22, 1968) is an Indian-American business executive, and Board of Director for Financial Policy and Public Responsibilities at Kroger. Vemuri was the former chief executive officer of IGATE and Conduent.2
From Wikipedia’s article on Ashok Vemuri (this version), CC BY-SA 4.0.
Born Apr 22, 1968.1
Companies
- OPAL Fuels Inc.Board member Jul 25, 2022 to now10
- KrogerBoard member Jan 24, 2019 to now11
- ConduentBoard member Mar 8, 2017 to Jul 3, 201912
- ConduentChief executive officer Nov 8, 2016 to Jul 3, 201913
- XeroxExecutive Vice President Jul 5, 2016 to Jul 6, 201614
- IGATE PatniChief executive officer until Oct 6, 201515
Holdings
Stock this person has reported owning, from the forms officers and directors file with the SEC. See the biggest insider stakes.
Shares held
Kroger KR39,361 shares16$2.5M at $64.00Jul 15, 2026- OPAL Fuels Inc. OPAL122,785 shares17$186.6K at $1.52Mar 31, 2026
As of each latest filing. The line shows shares held over time.
Recent filings
- Jul 15, 2026Granted 3,660 shares of Kroger16
- Mar 31, 2026Exercised options 66,073 shares of OPAL Fuels Inc.17
- Jul 15, 2025Granted 2,767 shares of Kroger18
- Mar 31, 2025Exercised options 27,218 shares of OPAL Fuels Inc.19
- Jul 15, 2024Granted 3,810 shares of Kroger20
- Mar 31, 2024Exercised options 19,369 shares of OPAL Fuels Inc.21
- Oct 3, 2023Exercised options 10,125 shares of OPAL Fuels Inc.22
- Jul 13, 2023Granted 4,224 shares of Kroger23
- Jul 13, 2022Granted 3,887 shares of Kroger24
- Jul 14, 2021Granted 4,859 shares of Kroger25
- Jul 15, 2020Granted 5,111 shares of Kroger26
- Jul 15, 2019Granted 7,995 shares of Kroger27
- Jan 24, 2019Granted 3,048 shares of Kroger28
Early life and education
Ashok Vemuri was born on April 22, 1968, and spent his childhood in India. He received a bachelor's degree in physics from St. Stephen's College, Delhi. Vemuri subsequently completed his postgraduate diploma in business management at the Indian Institute of Management, Ahmedabad, which is equivalent to a master's degree.
From Wikipedia’s article on Ashok Vemuri (this version), CC BY-SA 4.0.
Career
Occupation: businessperson.6
- Since 2019Board member, Kroger5
- Until 2015Chief executive, IGATE Patni4
Early positions and Infosys (1992–2013)
In 1992 Vemuri began working in investment banking at Deutsche Bank AG and Bank of America. Vemuri joined Infosys in 1999, where he went on to work closely with and be mentored by Narayana Murthy, the co-founder and then-CEO of the company. As of May 2003, Vemuri was serving as vice president and regional manager of sales for Canada and the northeast region of the United States. After management changes in June 2009, Forbes India reported that "Subhash Dhar, Ashok Vemuri, V. Balakrishnan and B.G. Srinivas... are now coming under [the limelight at Infosys]. These five are among a band of leaders being groomed to take over from the founding team." Vemuri was soon serving as a senior vice president of Infosys, and became a member of the company's executive council.
Vemuri went on to hold management roles at Infosys. For a time he served as chairman of the company’s operations in China, also serving on the boards of Infosys in the Americas and Infosys Public Services. Beyond heading Infosys' operations in Canada and eastern North America, he furthermore headed both the Financial Services & Insurance Business division and the Banking, Capital Markets & Strategic Global Sourcing division. Vemuri was appointed to the board of Infosys in June 2011, while retaining his roles as senior vice president and chief of the banking division. Infosys appointed Vemuri the global head of its Manufacturing & Engineering Services division in April 2012. Despite speculation in the press that Infosys was considering Vemuri as a choice for CEO, in September 2013 the press reported that he would instead by joining iGATE.
Work with iGATE (2013–2014)
On September 16, 2013, Vemuri was appointed CEO and president of the IT services provider iGATE, Early in his tenure, Vemuri assured shareholders that the $770 million in debt accrued by iGATE in 2011 would be dealt with in the "near-term," and by March 2014 iGATE had raised $325 million to repay part of the debt.
After the company beat analysts expectations for first quarter earnings in 2014, that April the Economic Times reported that Vemuri had "abandoned the lofty revenue target set by his predecessor" in an effort to set "short-term, achievable growth targets for the company." In the first half of 2014, under Vemuri, iGATE engaged in a "hiring for growth" program and added 2,500 employees, bringing the headcount to 32,742 employees by June 2014. In July 2014, Vemuri was credited with securing a deal with CNA Financial, estimated to be worth around $200 million.
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Capgemini acquisition (2015)
By March 2015, iGATE's stock value had increased since the start of Vemuri's tenure, with the company reaching a market capitalization of $3.3 billion. iGATE also had around 33,000 employees and revenues of about $1.3 billion, much higher than the annual revenue of $851.6 million from 2013. During his first eighteen months at iGATE, the press noted that Vemuri had helped "the firm’s market capitalisation increase almost three times." In April 2015, the French IT company CapGemini announced it would buy iGATE for USD $4 billion, creating a larger company with clients such as General Electric and Royal Bank of Canada. Vemuri led iGATE's side of the sale, and in July 2015 was voted into Capgemini's group management board. Vemuri resigned as iGATE CEO in October 2015.
Conduent CEO (2016–2019)
Xerox Corporation announced on June 14, 2016 that Vemuri had been chosen as the CEO of Conduent, Xerox's business process outsourcing unit, which was in the process of being separated as a new independent company. The outsourcing division had been struggling to meet its financial benchmarks, with the Economic Times opining that "Xerox is betting on IT industry veteran Vemuri's experience to help the company revive its outsourcing business." Xerox chairman and CEO Ursula Burns stated Vemuri had been selected because of his "deep industry experience and proven track record of leading growth and corporate transformations." Vemuri was appointed executive vice president and CEO of Xerox Business Services LLC, effective July 1. He became the CEO of Conduent after the separation of Xerox into two companies later that year. In May 2019 he resigned from the post of CEO in 2019 Q1 Earnings call. He left Conduent early August 2019.
From Wikipedia’s article on Ashok Vemuri (this version), CC BY-SA 4.0.
Personal life
Vemuri lived with his wife in New Jersey as of 2009, where he continued to be based as of 2016.
From Wikipedia’s article on Ashok Vemuri (this version), CC BY-SA 4.0.
Links
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1WikidataAshok Vemuri on Wikidata
- 2WikipediaAshok Vemuri on Wikipedia
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- 10SEC EDGAROPAL Fuels Inc., Board member
- 11Wikidata and SEC EDGARKroger, Board member
- 12SEC EDGARConduent, Board member
- 13SEC EDGARConduent, Chief executive officer
- 14SEC EDGARXerox, Executive Vice President
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- 18SEC EDGARForm 4 filed Jul 16, 2025
- 19SEC EDGARForm 4 filed Apr 2, 2025
- 20SEC EDGARForm 4 filed Jul 16, 2024
- 21SEC EDGARForm 4 filed Apr 2, 2024
- 22SEC EDGARForm 4 filed Oct 5, 2023
- 23SEC EDGARForm 4 filed Jul 13, 2023
- 24SEC EDGARForm 4 filed Jul 13, 2022
- 25SEC EDGARForm 4 filed Jul 15, 2021
- 26SEC EDGARForm 4 filed Jul 16, 2020
- 27SEC EDGARForm 4 filed Jul 16, 2019
- 28SEC EDGARForm 4 filed Jan 28, 2019
- 29Wikimedia CommonsAshok Vemuri photo by Prabhanjanda, CC BY-SA 3.0