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Wednesday , 22 November 2017
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Vishal Sikka Resigns As Managing Director And CEO Of Infosys

Vishal Sikka has resigned as the Chief Executive Officer and Managing Director of Infosys.

Pravin Rao has been appointed as the interim CEO.

Company Secretary AGS Manikantha confirmed saying the resignation was accepted at a board meeting on August 18. 

Sikka will now be the executive vice-chairman of the company.

He had just completed three years as the CEO of Infosys.

Infosys has been battling both internal and external challenges in terms of uncertain global economic environment and high-profile founders flagging concerns around alleged corporate governance lapses at the company.

“A continuous stream of distractions and disruptions” in recent months, among his reasons for leaving.

In the last few months, the country’s second largest software firm, has seen a number of senior-level executives resigning.

They include Anirban Dey (Global head and chief business officer of Edge products), Yusuf Bashir (MD, Infosys Innovation Fund) and Ritika Suri (executive vice-president).

Reacting to these top- level exits, earlier this month, Vishal had dismissed views suggesting senior-level exits at the company were a cause of concern, saying the attrition is “far lower” than other firms.

“Not at all. This is a complete nonsensical myth that has been propagated in some parts,” Sikka told in a television interview when asked if the series of exits of senior talent was a cause for concern”, he had said.

“It happens in every company. We actually did an analysis, both in terms of our own past as well as in terms of the other companies in our industry. And there are far more executives who have left every other company that we could think of,” Sikka had added.

 

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