Nilekani seeks to allay fears of Infosys investors, staffers

Source: The Hitavada      Date: 26 Aug 2017 10:43:01


 

NEW DELHI,

NANDAN Nilekani, who returned as the Chairman of Infosys after founders staged a dramatic coup, on Friday sought to allay concerns of investors and employees, saying he will focus on finding a CEO, recasting the board and bringing in stability at the troubled technology icon.


Nilekani, 62, one of Infosys’ seven founders and also a former CEO, said he wants to put the company on ‘the right stable path’ and ‘ensure there are no discordant voices in the company and everyone is on the same page’.
Nilekani has been called in to steer Infosys after Chairman R Seshasayee and three other directors quit, meeting the key demand of founder group led by N R Narayana Murthy.


The founders had clashed with the board -- often publicly -- in recent months over the company’s performance, corporate governance and compensation of former CEO Vishal Sikka. Sikka stepped down last Friday, citing slander by promoters.
At that time, the board criticised Murthy, who in the following days moved swiftly to get investors as well as other founders to back him.


“I have come into focus on the future of the company, I have come in to take the company forward and deal with its challenges,” he said in an investor call arranged within hours of his appointment.