Bengaluru sources have stated that the Infosys founder NR Narayana Murthy was blamed by the company's board for the resignation of Chief Executive and Managing Director Vishal Sikka.
Accordingly the IT major in a statement here hours after it accepted Sikka's resignation and appointed him as Vice-Chairman till the new Chief Executive is appointed by March 31, 2018, that Murthy's continuous assault, including his latest letter, is the primary reason for the resignation of Sikka despite strong Board support.
Moreover noting that a letter authored by Murthy attacking the integrity of the Board and the management for alleged falling corporate governance standards was doing the rounds in various media houses across the country, the company said the Board took umbrage at the contents of the founder's purported letter. Furthermore Sikka, who joined the tech major in August 2014, resigned on Friday citing continuous disruptions and personal and negative remarks against him. The Board elevated Chief Operating Officer UB Pravin Rao as the interim CEO and MD, reporting to Sikka under its overall supervision and control.
