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Tuesday , 22 August 2017
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Infosys Names Vishal Sikka as New CEO, Narayana Murthy to Step Down

vishal-sikka_295x200_41402544768Infosys has appointed former SAP chief technology officer Vishal Sikka as CEO. Dr Sikka, the first person from outside the company to hold the post, will be inducted on the Infosys board on June 14. On the same day, Infosys founder Narayana Murthy will step down as executive chairman.

Mr Murthy had returned from retirement in June last year to lead the company.

Dr Sikka will take over as CEO and MD from current chief SD Shibulal on August 1, the company said in a statement today. His appointment ends months of speculation about who will lead India’s number two IT major and comes after several high-ranking executives quit the company.

He tweeted, “Humbled to lead @Infosys an iconic pioneer in IT. Looking fwd to learn & work w/ infoscions & global clients on breakthrough innovation.”

Infosys has been losing market shares to its rivals Tata Consultancy Services and Cognizant Technology Solutions over the past few years. Infosys was once a star performer in India’s more than $100 billion outsourcing sector, but the uncertainty at the top and its shrinking market share dimmed its status as the employer of choice for young IT workers, with staff leaving at an unprecedented pace.

Analysts had said the company would benefit from swiftly appointing a new CEO.

 

 

Source : ndtv.com

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