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Vishal Sikka resigns as Infosys CEO, MD due to ‘personal reasons’

By Newsd
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Vishal Sikka resigns as Infosys CEO, MD due to 'personal reasons'
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Vishal Sikka resigned as Managing Director and Chief Executive Officer of Infosys and his resignation has been accepted with immediate effect. Sikka has quoted “personal” attacks as one of the reasons for his resignation. “In his notice of resignation to the board, Dr Sikka reiterated his belief in the great potential of Infosys, but cited among his reasons for leaving a continuous stream of distractions and disruptions over the recent months and quarters, increasingly personal and negative as of late, as preventing management’s ability to accelerate the company’s transformation,” Infosys said in a statement.

“The board understands and acknowledges Dr Sikka’s reasons for resignation, and regrets his decision. In particular, the board is profoundly distressed by the unfounded personal attacks on the members of our management team that were made in the anonymous letters and have surfaced in recent months,” the statement added.

“As the board has previously stated, a series of careful investigations found no merit to the unsubstantiated and anonymous allegations that had been asserted. The Board denounces the critics who have amplified and sought to further promote demonstrably false allegations which have harmed employee morale and contributed to the loss of the company’s valued CEO,” the board said.

Sikka will continue to remain the executive vice-chairman of Infosys. The company has appointed chief operating officer, UB Pravin Rao as interim managing director and CEO. Infosys added that Sikka will hold office until the new permanent chief executive officer and managing director takes charge, which should be no later than 31 March 2018.