Vishal Sikka Resigned as MD and CEO of Infosys and Replaced by UB Pravin Rao
Vishal Sikka Resigned as MD and CEO of Infosys and Replaced by UB Pravin Rao. India’s second-largest software services company accepted the resignation of Sikka with immediate effect and appointed him as Executive Vice Chairman.
Vishal Sikka Resigned as MD and CEO of Infosys and Replaced by UB Pravin Rao
The company said,
“Sikka reiterated his belief in the great potential of Infosys. but cited among his reasons for leaving a continuous stream of distractions and disruptions over the recent months and quarters, increasingly personal and negative as of late, as preventing management’s ability to accelerate the Company’s transformation.”
The company also said:
“The succession plan for appointment of a new Managing Director and Chief Executive Officer has been operationalised by the Board and a search for the same has been commenced,”
This move comes a day after Infosys founder N.R. Narayana Murthy claimed in an email to some of his advisers that he had been told by at least three independent directors of the company that Vishal Sikka was more chief technology officer (CTO) material than chief executive officer (CEO) material.
Mr. Vishal Sikka said in his resignation letter,
“I started my journey as the CEO of this iconic Company with a mission totransform it on the basis of software, especially [artificial intelligence], and innovation, enabled by education. Three years later, I feel proud of our progress and achievements, from profitable revenue growth to rapid purposeful adoption of software, new services and grassroots innovation, to the extraordinary recognition from our clients worldwide.
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