Infosys CEO Vishal Sikka Resigns

The hot news of Infosys CEO resigning on friday sent a wave in the IT world.

Vishal after being at the helm for more than three years,  has now resigned from his post of CEO. He worked hard for a tenure of almost 5 years and showed glimpses of revival at India’s second largest software services company. Lately things got  increasingly messy. last year saw a slower revenue growth and a tussle with the founders.

Vishal Sikka

Sikka took charge in 2014 and now is to be succeeded by chief operating officer Pravin Rao.Sikka was the the first non-founder CEO of Infosys.

“Dr Sikka reiterated his belief in the great potential of Infosys, but cited among his reasons for leaving a continuous stream of distractions and disruptions over the recent months and quarters, increasingly personal and negative as of late, as preventing management’s ability to accelerate the Company’s transformation,”

Infosys LTD founder NR Murthy claimed in an email to some of his advisors that he had been told by at least three independent directors of the company  was Vishal Sikka was more chief technology officer (CTO) material than chief executive officer ( CEO).

He reiterates by saying that  “ I have nothing against him. I enjoy spending time with him. I have never commented about his strategy and execution.my problem is with governance with Infosys. I believe that the fault lies with the current board.”

Vishal Sikka gracefully remarked “Together we have achieved a lot. Even in the midst of all of the distractions, even as the tendency was to return to the familiar, we still managed to persevere and make wonderful progress. We have laid the foundation for the next 30 years of Infosys, and I feel deeply proud to have worked alongside all of you in sowing the seeds that will return this company to the bellwether it once was”.

 

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