CEO of Infosys Ltd, Vishal Sikka unexpectedly resigned on August 18. The board of Infosys released a letter blaming founder and former chairman NR Narayana Murthy for Sikka’s exit.
Sikka himself, in his letter to the board, spoke of personal attacks and allegations that were “amplified by the very people from whom we all expected the most steadfast support in this great transformation.” Soon after, Murthy released a message saying he was anguished by the board’s comments.
On the morning of Sikka’s resignation — an email was found circulated Murthy to a few of his advisers, claiming that three members of Infosys’s board, including co-chairman Ravi Venkatesan, had told him that Sikka was more of a chief technology officer (CTO) material than a chief executive officer (CEO) material.
That mail, dated August 9, also repeated earlier issues Murthy had raised about the board’s functioning and corporate governance.
This has to be noted that Infosys has experienced a fall in stock by 10%, public sympathy is with Vishal Sikka while Murthy is facing major criticism.
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