Vishal Sikka resigns from Infosys: A chronology of the bitter war within

Sikka’s resignation brings the company’s internal tussle to spotlight, especially the issues founder NR Narayana Murthy had over matters such as salary hikes to executives.
In a surprise move, Vishal Sikka resigned as Infosys’s chief executive officer and managing director on Friday.(AP File Photo)
In a surprise move, Vishal Sikka resigned as Infosys’s chief executive officer and managing director on Friday.(AP File Photo)
Updated on Aug 18, 2017 04:25 PM IST
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Hindustan Times, New Delhi | ByHT Correspondent

Vishal Sikka, the chief executive brought in to turn around Infosys three years ago, resigned suddenly on Friday, blaming a “continuous drumbeat of distractions” and a long-running row with founders over the tech firm’s strategy.

Shares in the company fell by more than 13% after the surprise announcement.

UB Pravin Rao, Infosys’ chief operating officer, was named interim managing director and CEO. Rao will report to Sikka, who will take on the executive vice chairman role until a permanent CEO takes charge, which should be no later than end-March 2018, Infosys said.

The company’s board came out in support of Sikka and said in a statement that founder and former-chairman Narayana Murthy’s continuous assault was the main reason for Sikka’s resignation.

Murthy said he was “extremely anguished by the allegations, tone and tenor of the statements” and that his main concern was the deteriorating standard of corporate governance.

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