Mumbai, India, August 18, 2017- According to news reports Infosys Managing
Director and CEO Vishal Sikka has resigned with immediate effect. The board of
directors of Infosys said that they have accepted the notice of resignation of
Vishal Sikka as the Managing Director and CEO, effective immediately.
Director and CEO Vishal Sikka has resigned with immediate effect. The board of
directors of Infosys said that they have accepted the notice of resignation of
Vishal Sikka as the Managing Director and CEO, effective immediately.
UB Pravin Rao has been appointed
interim chief executive officer and managing director reporting to Sikka under
the overall supervision and control of the company’s Board.
interim chief executive officer and managing director reporting to Sikka under
the overall supervision and control of the company’s Board.
In his notice of resignation to the
Board, 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.
Board, 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.
Sikka has been appointed executive
vice chairman effective Friday and will hold office until the new permanent
chief executive officer and managing director takes charge, which should be no
later than March 31, 2018.
vice chairman effective Friday and will hold office until the new permanent
chief executive officer and managing director takes charge, which should be no
later than March 31, 2018.
Sikka will continue to focus on
strategic initiatives, key customer relationships and technology development.
He will report to the Company’s Board, Infosys said in a press release.
strategic initiatives, key customer relationships and technology development.
He will report to the Company’s Board, Infosys said in a press release.
Under the leadership of Sikka, Infosys
launched breakthrough new programs to drive innovation, education, and entrepreneurship
on a large scale. These programs included (a) Zero Distance, a program which was
the first of its kind in the industry intended to drive grassroots innovation
at a massive scale, through every employee, (b) Design Thinking training, the
largest program of its kind to drive creative confidence and problem-finding in
every Infoscion, and (c) Zero Bench, a bold notion of leveraging the bench as a
means to drive additional value for clients. Employee attrition has decreased
dramatically during Dr. Sikka’s tenure, particularly among high performers,
utilization is at a 10-year high, and client satisfaction is at an all-time
high.
launched breakthrough new programs to drive innovation, education, and entrepreneurship
on a large scale. These programs included (a) Zero Distance, a program which was
the first of its kind in the industry intended to drive grassroots innovation
at a massive scale, through every employee, (b) Design Thinking training, the
largest program of its kind to drive creative confidence and problem-finding in
every Infoscion, and (c) Zero Bench, a bold notion of leveraging the bench as a
means to drive additional value for clients. Employee attrition has decreased
dramatically during Dr. Sikka’s tenure, particularly among high performers,
utilization is at a 10-year high, and client satisfaction is at an all-time
high.
