Infosys shareholders want Narayan Murthy back, but he says no
Infosys shareholders on Monday made a strong pitch for the return of co-founder Narayana Murthy to the company once again, which the IT czar declined, calling it words of “affection”.business Updated: Jun 22, 2015 23:37 IST
Infosys shareholders on Monday made a strong pitch for the return of co-founder Narayana Murthy to the company once again, which the IT czar declined, calling it words of “affection”.
Shareholders who spoke at the 34th annual general meeting of Infosys suggested that he should be brought back to the company as his name was synonymous with Infosys.
“Take back Murthy as independent director in the interest of the firm,” said shareholder Gopalkrishna Rao.
“We have a very good set of people running the company, they should run the company, and we should all support them,” Murthy said in response. This was Infosys’ first AGM without any of its founders on the board.
Murthy attended the AGM as a shareholder and was accompanied by wife Sudha Murthy and son Rohan Murty.
Murthy voluntarily stepped down as executive chairman on June 14, 2014, and as non-executive chairman on October 10, 2014.
Asked to evaluate the performance of CEO Vishal Sikka as he completes one year in office, Murthy said, “He has brought lot of good ideas and I’m sure that they will all provide result and we have to be patient.”
Sikka himself said: “I think, a long way to go.”
On the ongoing H1B visa probe in the US, Sikka said, “We are not worried about that... we are getting to the point where we need to be less dependent on visas and more on innovation.”
(With inputs from PTI)