Infosys board at fault, haven't said anything about Vishal Sikka's work: Narayana Murthy after CEO's resignation
BENGALURU: Infosys CEO and MD Vishal Sikka on Friday resigned from his post. According to the company's BSE filing, Sikka has stated the reason for his resignation as "..Continuous stream of distractions and disruptions over the recent months and quarters, increasingly personal and negative as of late, preventing management's ability to accelerate the Company's transformation..."
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Invoking Mahatma Gandhi's adage of leadership by example, Infosys co-founder N R Narayana Murthy today said a company would tread an absolute path of quick destruction, if it loses sight of good corporate governance and transparency, among other ethical and moral traits. (FULL REPORT)
Infosys today lashed out at fresh charges by founder NR Narayana Murthy, saying suggestions that world-renowned law firms will "connive" with the board twice to overlook alleged "misdeeds" of a CEO and give a clean chit were "completely untenable". (FULL REPORT)
Former Nasscom chairman BVR Mohan Reddy today said it was very "sad" to see a "good CEO" like Vishal Sikka stepping down as the CEO of Infosys, and added that promoters have no say after leaving a company. (FULL REPORT)
Infosys said there is no change in its buyback plans, under which it could return as much as Rs 13,000 crore to its shareholders. The board of the embattled company - which saw its CEO Vishal Sikka step down today amid founders alleging corporate governance lapses - is scheduled to meet tomorrow to consider the buyback proposal. (FULL REPORT)
Infosys co-founder NR Narayana Murthy said he is not seeking "any money, position for children, or power", while expressing anguish over the board's allegations that his "continuous assault" led to Vishal Sikka quitting as CEO. (FULL REPORT)
An investor advisory firm today favoured Nandan Nilekani -- one of the most high-profile founders of the IT firm -- being brought back on its board as its non-executive chairman. (FULL REPORT)
I have no interest in being the next CEO, not in contention for the position: Infosys Co-chairman Ravi Venkatesan
The Infosys board put its full weight behind outgoing CEO Vishal Sikka as he exited after months of receiving sniper fire from the company’s co-founders N R Narayana Murthy and Nandan Nilekani. Moments after Sikka made his decision public, the company put out a press release in which it made a point-by-point rebuttal to Narayana Murthy’s “continuous assault”. (FULL REPORT)
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We came to conclusion that I will stay on as executive vice chairman, help in transition and UB Pravin Rao will be interim CEO: Vishal Sikka (ANI)
What was difficult to deal with was continuous allegations & continuous noise around the same thing: Sikka (ANI)
In many ways it is a sad day, but in many ways it might help things. I started more than 3 years ago on this journey, I am proud of the results we achieved: Vishal Sikka at the press conference (ANI)
Infosys CEO Vishal Sikka made no secret of the reasons for his decision to leave the company after months of facing barbs from former CEOs including co-founders N R Narayana Murthy and Nandan Nilekani. In a letter to Infosys employees that Vishal Sikka posted on his blog, Sikka said he now wishes to return to an environment of “respect, trust and empowerment”. (FULL REPORT)
Vishal Sikka's resignation as Infosys CEO today dealt a big blow to stock indices as the Sensex plunged 271 points while the Nifty managed to end above 9,800. (FULL REPORT)
UB Pravin Rao has been appointed as the interim Managing Director and Chief Executive Officer of Infosys. (FULL REPORT)
Having sustained persistent jabs by the company's co-founders for several months now, Infosys CEO and MD Vishal Sikka has resigned from his post. Sikka's resignation letter was presented and accepted in the company's board meeting held on Thursday. (FULL REPORT)