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Infy moves to calm employees after rumours of mgmt rejig

india Updated: Feb 07, 2011 01:29 IST
Vivek Sinha
Vivek Sinha
Hindustan Times
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As speculations run wild over a major organisational revamp at software major Infosys, the company's group human resources (HR) head Nandita Gurjar has written a letter to employees, urging them not to be swayed by market rumours and wait for an official announcement.

Gurjar's letter comes in the wake of speculations over S Gopalakrishnan, present CEO and managing director stepping down in April this year to make way for SD Shibulal, current COO of the company.

"We do understand that there is information available in the public domain leading to speculation. Please do not follow this information unless there is a formal press release from Infosys," Gurjar wrote to Infoscions a couple of days ago (a copy of the letter is available with HT).

Rumours and speculations have also been rife about who takes over as chairman of the IT giant when founder-chairman NR Narayana Murthy retires in August this year. Of late it was being widely believed that S. Gopalakrishnan could step in Murthy's shoes as Infosys chairman and SD Shibulal takes over as CEO and MD.

The company refused to

comment on the issue of restructuring.

Apart from a management overhaul at the highest level there have been speculations about restructuring of Infosys's mid-level management as well.

Gurjar's letter assumes significance in this backdrop as its seeks to allay concerns among the company's employees and fellow Infoscions.

"As in any large company, there will be ongoing internal discussions on strategic plans and focus areas...I would like to assure you that as always, we will communicate directly to you on organisation news that will impact you and your organisation," wrote Gurjar.

Infosys posted a 14.2% year-on-year growth in net profit at R1,780 crore for the October-December quarter of the current fiscal and employs over 1.27 lakh employees as on December 2010.