A few hours after the Board of global software major Infosys Ltd, released a statement blaming its founder NR Narayana Murthy for the sudden resignation of its Chief Executive and Managing Director Vishal Sikka, the founder of Infosys responded to the allegations saying that he left the board voluntarily and did not seek any money.

The founder of Infosys, Narayana Murthy refuted all such allegations via a statement, which reads: 

“I am extremely anguished by the allegations, tone and tenor of the statements. I voluntarily left the Board in 2014 and am not seeking any money, position for children or power. My concern primarily was the deteriorating standard of corporate governance which I have repeatedly brought to the notice of the Infosys board.”

“It is below my dignity to respond to such baseless insinuations. However, several shareholders who have read the whistle-blower report have told me that it is hard to believe a report produced by a set of accused, giving a clean chit to the accused, and the accused refusing to disclose why they got a clean chit! They say that this is not the way an impartial and objective investigation should be held.”

“I will reply to these allegations in the right manner and in the right forum and at the appropriate time.”

“Murthy’s continuous assault, including his latest letter, is the primary reason for the resignation of Sikka despite strong Board support,” said the IT major in a statement here hours after it accepted Sikka’s resignation and appointed him as Vice-Chairman till the new Chief Executive is appointed by March 31, 2018.

Noting that a letter authored by Murthy attacking the integrity of the Board and the management for alleged falling corporate governance standards was doing the rounds in various media houses across the country, the company said the Board took umbrage at the contents of the founder’s purported letter.

Vishal Sikka, who joined the tech major in August 2014, resigned on Friday citing continuous disruptions, personal and negative remarks against him.

The Board has elevated Chief Operating Officer UB Pravin Rao as the interim CEO and MD. 

 

(With inputs from IANS)

First Published | 18 August 2017 5:19 PM
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