Bengaluru, Aug 18 (IANS) Announcing his resignation as Managing Director and CEO of software giant Infosys Ltd in a mail to employees, Vishal Sikka wrote that he “could not” do his job with “unrelenting, baseless, malicious and increasingly personal attacks”.
“…It is clear that despite our successes over the last three years, and the powerful seeds of innovation that we have sown, I cannot carry out my job as CEO and continue to create value, while also constantly defending against unrelenting, baseless, malicious and increasingly personal attacks,” wrote Sikka in his letter to Infosys employees, which he also shared on his personal blog.
“For days, indeed weeks, this decision has weighed on me. I have wrestled the pros and cons, the issues and the counterbalancing arguments. But now, after much thought, and considering the environment of the last few quarters, I am clear in my decision,” he said.
Sikka, who the Infosys Board has appointed the Executive Vice-Chairman till a new CEO and MD takes over by March 31, 2018, said he will “closely work with the Board and the management over the next few months to ensure smooth transition”.
In his mail, he said that he had started his journey with the company with a “calling”, to help reshape it around innovation and entrepreneurship.
“In 2014, we started with a very challenging set of conditions, and in the last three years, we have decisively turned things around.
“I am proud of how we have upheld our values, our culture, our integrity, whilst we have gone about this massive transformation,” he said.
Sikka stressed that he “remains passionate about the transformation opportunity” for the company and industry, but “we all need to allow the company to move beyond the noise and distractions” and these “distractions” had created an “untenable” atmosphere, adding that he now needs to “move forward and return to an environment of respect, trust and empowerment.
Quoting Steve Jobs, Sikka said he must “follow his heart and intuition” and stares into the “great unknown to doing something great, something purposeful for the times ahead”.
He also said he looks forward to spending time with his loved ones.
“I’ve been away from home far too often and far too long,” wrote the California-based Sikka.
Sikka, 50, a former Executive Director of German software major SAP, joined India’s second largest software exporter on August 1 2014, replacing S.D. Shibulal, the company’s last promoter co-founder to hold the top executive post.
Following Sikka’s sudden resignation, the share value of the company plummeted by 9.57 per cent (at 3.55 p.m.).
The Board of the software company blamed its founder N.R. Narayana Murthy for the sudden and dramatic resignation of Sikka.
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