Indian technology
major Infosys announced Thursday Mr. Vishal Sikka will take over as CEO and MD
of the company with effect from August 1, 2014.
Mr. Sikka, who was
earlier on the executive board of SAP AG, will take over from mR. SD Shibulal,
and said he was humbled to be leading an "iconic pioneer" in the IT
industry.
The firm also
announced a host of other top-level changes:
Founder Mr. NR Narayana
Murthy, who returned from retirement to lead the company as executive chairman,
will step down from June 14, and will be appointed Chairman - Emeritus.
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| Infosys CEO Vishal Sikka |
Mr. S Gopalakrisnan
will step down as Executive Vice Chairman while Mr. KV Kamath will become the
Non-Executive Vice Chairman of the Board.
The company also
elevated Mr. UB Pravin Rao as chief operating officer, while NR Narayana
Murthy’s son Mr. Rohan Murthy, who joined as executive assistant to his father,
will leave the company on June 14, 2014
“I am pleased with
the selection of Dr. Vishal Sikka as our new CEO,” NR. Narayana Murthy said in
a press release.
“Mr. Vishal brings
valuable experience as a leader of a large global corporation. His illustrious
track record and value system make him an ideal choice to lead Infosys.”
Mr. Sikka will become
the first non-founding member CEO of the company established in 1981 by Murthy,
along with 6 colleagues, who were earlier working with Patni Computers.
Angel Broking -
Infosys Target price of Rs. 3,640
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