An executive search that Indian IT major Infosys Ltd launched two months ago to find a new CEO for the company has ended with former executive on the board of German IT major SAP Dr Vishal Sikka being chosen to be the first non-founder CEO of the $ 8 billion revenue company.
The entry of Dr Sikka, 47, into Infosys as the CEO and executive chairman of the company’s board of directors on June 14 will also see the exit from executive roles on the board of company founder N R Narayana Murthy, co-founder Kris Gopalakrishnan, as well as the stepping down of the last of the founder CEOs S D Shibulal on August 1, 2014.
Murthy’s son Rohan Murty, a Ph.D in computer science from Harvard University, who joined the company in June last year as his father’s executive assistant will also step down from the company on June 14.
Infosys has also promoted U B Pravin Rao its President and whole-time director as the Chief Operating Officer.
“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,’’ Infosys founder Narayana Murthy said following the leadership change announcements.
“I am honored to lead Infosys, an iconic company built by pioneers in the technology industry. I look forward to working with and learning from talented Infoscions around the world. Computing technology is reshaping every industry across every walk of life,’’ Dr Sikka was quoted as saying in an official Infosys statement.
Infosys said that its CEO designate a Ph.D in computer science from Stanford University had worked closely with leaders of global companies in building breakthrough business solutions.
“At SAP, he was responsible for all products, from traditional and cloud-based applications to technology and platform products including HANA, analytics, mobile and middleware. In addition, Dr. Sikka led multiple initiatives to accelerate innovation and research at SAP,’’ Infosys said.
Infosys Ltd had begun its search for a new CEO in April this year well ahead of the retirement date of its incumbent CEO Shibulal who is set to retire in January when he turns 60. The company had indicated that it was going outside the confines of its own ranks to find the new CEO.
The changes announced on Thursday at Infosys Ltd will result in a generational change of leadership at the company with all of the original founders of …continued »
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