Infosys: Vishal Sikka resigns as MD & CEO with immediate effect

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Vishal Sikka has resigned from the post of Managing Director and Chief Executive officer of Infosys with immediate effect on Friday.

The official statement released by the company has confirmed.

The statement released by the Infosys reads, “The succession plan for the appointment of a new Managing Director and Chief Executive Officer has been operationalized by the Board and a search for the same has been commenced”.

Meanwhile, U B Pravin Rao has been appointed as the Interim Chief Executive Officer and Managing Director of the company.

In the resignation letter, Vishal Sikka said:

“After much reflection, I have concluded that it is indeed time for me to leave my current positions as MD and CEO, and I have communicated my resignation to Sesh. I will be working closely with Sesh, Ravi, Pravin, with all of you, and the senior management team to plan out the details and the timelines to ensure a smooth transition and in the meantime, continue our work without disruption, and ensuring that we protect our company, the employees, the clients, and the interests of every shareholder”.

 

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