Infosys has appoint Dr. Vishal Sikka as new CEO & Managing Director

The Board of Directors of infosis has announced  Dr. Vishal Sikka as the Chief Executive Officer and Managing Director (CEO & MD) of the company. Dr. Sikka will be inducted as a whole-time director of the Board and CEO & MD (Designate) on June 14, 2014. He will take over as CEO & MD from Mr. S. D. Shibulal on August 1, 2014.

     The Board has also elevated Mr. U.B. Pravin Rao, President and whole-time director, as Chief Operating Officer, with effect from June 14, 2014.

The Board also announced the following changes:

• Mr. N.R. Narayana Murthy and Mr. S. Gopalakrishnan will voluntarily step down as Executive Chairman and Executive Vice Chairman, respectively, on June 14, 2014. In order to facilitate a smooth transition of responsibilities, they will continue on the Board till October 10, 2014 as the Non-executive Chairman and Non-executive Vice Chairman, respectively
• Mr. K. V. Kamath will become the Non-executive Chairman of the Board on October 11, 2014
• Mr. Murthy will be designated as Chairman Emeritus with effect from October 11, 2014 in recognition of his contributions to the company
• Mr. S. D. Shibulal will step down as CEO & MD and from the Board on July 31, 2014
• Mr. Srinath Batni, whole-time Director of the company, will step down from the Board on July 31, 2014
• In addition, the company has elevated twelve leaders to the position of Executive Vice President with additional responsibilities  

Angel Broking?s VP Research Sarabjit Kour Nangra said the entry of a CEO into the company is the much awaited news as it has been searching for the chief, while facing the exodus of key employees.

Read more at: http://indiatoday.intoday.in/story/infosys-dr-vishal-sikka-narayana-murthy-s-gopalakrishnan/1/366460.html