Vishal Sikka resigns as MD & CEO of Infosys citing personal attacks
Vishal Sikka resigned on Friday as Chief Executive Officer and Managing Director of Infosys. In a letter to stock exchanges, Company Secretary AGS Manikantha confirmed the development, saying the resignation was accepted at a board meeting on August 18. Sikka will now be the executive vice-chairman of the company. Sikka has cited 'personal attacks' on him as one of the reasons for his sudden decision to resign, saying they were amplified by people who should have supported him. "I spent hundreds of hours tackling the drumbeat of distraction," he said.
UB Pravin Rao has been appointed as interim CEO. Rao has over 30 years of experience. Rao oversees the key functions of global sales, global delivery and business enabling functions.
In a press release issued, Infosys said that Sikka has been appointed executive vice chairman effective on August 18, and will hold office until the new permanent Chief Executive Officer and Managing Director takes charge, which should be no later than March 31, 2018.
Sikka will continue to focus on strategic initiatives, key customer relationships and technology development. He will report to the Company's Board. UB Pravin Rao has been appointed Interim Chief Executive Officer and Managing Director reporting to Sikka under the overall supervision and control of the Company's Board.