Vishal Sikka: Infosys Too Resistant to Change, I Quit

The founder of Infosys, Vishal Sikka who has been the Chief Executive Officer (CEO) has resigned from his services which left everyone in deep shock.

Infosys Ltd ADR says that Murphy's letters against the company are the reason for Sikka stepping down as CEO.

In a letter to the Infosys board, Sikka said the "continuous stream of distractions and disruptions" became increasingly personal and negative, forcing him to quit.

The proposal entails purchase of up to 11.3 crore equity shares at Rs 1,150 apiece, which is almost 25 per cent higher than previous closing.

Murthy wrote an email on August 9 in which he mentioned that Sikka was "not a CEO material", according to a Mint report.

During Sikka's tenure, Infosys grew substantially apart and made forays into Artificial Intelligence as well as other cutting-edge innovations, in a departure from its traditional strengths.




He complained of "malicious and increasingly personal attacks [.] amplified by the very people from whom we all expected the most steadfast support", and that the constant "distractions" were frustrating his efforts to grow the company.

Noting that a letter by Murthy attacking the integrity of the Board and the management for the alleged falling corporate governance standards was doing the rounds in the media, the company said the Board took umbrage to its contents. Murthy said news daily a few months ago that to some departing employees, providing huge severance pay while giving only 80 percent variable for employees in t5he company is one such example.

Sikka was chosen by Infosys co-founder Narayana Murthy three years back when the company was facing severe slowdown along with challenges in the industry.

Mr Rao will report to Mr Sikka, who will take on the executive vice-chairman role until a permanent CEO takes charge, which should be no later than end-March next year, Infosys said. The company reported that investigations into anonymous allegations have found no merit. He supervises the major functions of the company's global sales, delivery and other business-enabling functions.

Ravi Venkatesan: "The management is highly distressed by the continuing allegations against Sikka and Board members", PTI quoted the Infosys co-chairman.

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