Vishal Sikka Resigns As Infosys CEO & MD With Immediate Effect - Dollar Advisory Financial Services

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Friday 18 August 2017

Vishal Sikka Resigns As Infosys CEO & MD With Immediate Effect

Vishal Sikka has resigned as the Chairman and Managing Director of Infosys with immediate effect, the company stated in a communication to the exchanges on Friday morning.

Sikka 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".

Sikka has been appointed as Executive Vice-Chairman while Chief Operating Officer UB Pravin Rao will now take over as the interim MD and CEO of the software major.

Infosys said that the succession plan for appointment of a new Managing Director and Chief Executive Officer has been operationalised by the Board and a search for the same has been commenced.

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