In a surprise move, Vishal Sikka, the Chief Executive Officer (CEO) and Managing Director (MD) of Infosys has resigned from his post on Friday; months after four senior-level executives left India’s second-largest software services provider.
Confirming the development, Infosys Company Secretary AGS Manikantha said that Sikka’s resignation was accepted at a board meeting on August 18. “He will now be the executive vice-chairman of the company,” added Manikantha.
Meanwhile, Pravin Rao, Chief Operating Officer has been handed the responsibility to take over as the interim CEO of the company.
Rao with over 30 years of experience has held multiple portfolios since he joined Infosys in the year 1986.
The development comes as the report of Infosys co-founder Narayana Murthy in an email dated August 9 said that at many as three independent directors had complained about Vishal Sikka as the CEO of the company, reports Livemint.
Vishal Sikka's resignation as Managing Director & Chief Executive
Officer of Infosys accepted, UB Pravin Rao appointed as Interim MD and CEO pic.twitter.com/nsGH1m54x5
— ANI (@ANI) August 18, 2017
“All that I hear from at least three independent directors, including Mr Ravi Venkatesan (co-chairman), are complaints about Dr Sikka. They have told me umpteen times that Dr Sikka is not a CEO material but CTO material. This is the view of at least three members of the board, and not my view since I have not seen him operate from the vantage point of an Infosys board member,” Murthy said in the email.
Reportedly, as per the email, Vishal Sikka was seen less as a chief executive officer (CEO) and more like chief technology officer (CTO) of Infosys.