MD And CEO Of Infosys Vishal Sikka Resigned From His Post
Managing Director and CEO of Infosys, Vishal Sikka has resigned from his post this Friday morning and the Board has accepted his resignation with immediate effect. This move of Vishal was under the growing acrimony between the board and its founders led by NR Narayana Murthy.
UB Pravin Rao, the Chief Operating Officer will be the interim MD and CEO. Infosys shares plunged as much as 12.8 per cent today after the announcement.
Vishal Sikka had taken over the reins of Infosys back in June of 2014, and has been working ever since. Sikka would now continue as Executive Vice-chairman.
An Infosys statement said in his new role Sikka would continue to focus on strategic initiatives, key customer relationships and technology development. He will report to the company’s board and receive a...