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Sunday, Aug 18, 2019

Infosys successor: Investors want Nandan Nilekani to return, join board

Vishal Sikka resigned as Infosys CEO on Friday, citing a stream of ‘unrelenting’ and ‘increasingly personal attacks’ in recent months

business Updated: Aug 23, 2017 13:54 IST
Ami Shah
Ami Shah
Nandan Nilekani at a press conference
Nandan Nilekani at a press conference(AFP File Photo)

As many as 12 key domestic institutional investors (DIIs) have written to Infosys, batting for co-founder Nandan Nilekani’s appointment to the board, and expressing their concerns over Vishal Sikka’s resignation from the post of chief executive officer (CEO) last week.

“The recent developments are very concerning to us,” the email read.

On Friday, Sikka resigned abruptly triggering a leadership crisis at India’s second biggest information technology company. “After considerable thought and mutual deliberations, we strongly feel that the Board of Infosys should invite Mr. Nandan Nilekani to join the board in a suitable capacity,” the DIIs said in the email.

CNBC-TV18 first reported the development late on Tuesday.

“In our opinion, he enjoys the confidence of various stakeholders, viz. customers, stakeholders and employees,” they added.

Mint has reviewed a copy of the email.

First Published: Aug 23, 2017 13:10 IST

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