Infosys' backdrops: Mohandas Pai reveals truth!

Bangalore, Apr 19: TV Mohandas Pai's resignation from Infosys' board shocked and surprised the the entire corporate world including the company. Many speculations brewed over his decision to quit the IT giant - Infosys. Finally, Pai revealed the reason(s) behind his surprising decision.

A TV news channel quoted Pai as saying, "Infosys has lost its unique position because they've been conservative." Pai also claimed, "When you choose a CEO, you should have a very transparent process and you choose the best person for the job whatever it is," Pai said. "In corporate India, the whole idea of CEO succession requires more transparency" he added.

The channel also quoted Pai as stating, "In 17 years, we have lost three generation of leaders. We should not lose the next generation too because they may feel they may not get a shot at sitting at the seat." The former board member of Infosys informed, "If left to me I would have drawn a list of people and I would have interviewed them and invited them to come and present to the board what their vision for the future is and I would have looked at their capability and decided for the next 5-10 years who are the people we should back and what they are going to do."

The company has already announced that Infosys board members will meet on Apr 30 to finalise its leadership succession plans as the board chairman Narayana Murthy will retire in Aug 2011.

After a consistent service of 17 years, Pai had resigned as Director Incharge of the Human Resource Department and also from the Infosys board on Apr 15.

OneIndia News