V Balakrishnan ('Bala') has moved on from the role of Infosys CFO but has got backing from N R Narayana Murthy, chairman emeritus, as the next potential chief executive for the company. Describing Balakrishnan as an 'extraordinary individual', Murthy said: "I have no doubt at all that the nominations committee will look at him at the time when they have to choose the next CEO." Murthy's comment comes amidst concerns raised by analysts on the timing of Bala's resignation. Bala will continue to be on the board and be responsible for three business unit - business process outsourcing, Finacle and India. On Balakrishnan's stepping down as chief financial officer, Murthy said he represented the best traditions of Infosys. "In keeping with that tradition, he has decided to voluntarily give up the CFO position in favor of a younger candidate - Rajiv Bansal - like Mohan (T V Mohandas Pai) did in 2006," he added. Bala has been in the Infosys finance team for 20 years and CFO for six years.