Vishal Sikka has resigned as the Chief Executive Officer and Managing Director of Infosys with immediate effect, the company stated in a communication to the exchanges on Friday morning.

Sikka cited among his reasons for leaving “a continuous stream of distractions and disruptions over the recent months and quarters, increasingly personal and negative as of late, as preventing management’s ability to accelerate the Company’s transformation”.

Sikka has been appointed as Executive Vice-Chairman while Chief Operating Officer UB Pravin Rao will now take over as the interim MD and CEO of the software major.

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Image: Hindustan Times

Infosys said that the succession plan for 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.

The Board said it understood and acknowledged the reason for Sikka’s resignation and regretted his decision to step down.

Sikka had been at the helm of Infosys since August 2014.

“The Board is profoundly distressed by the unfounded personal attacks on the members of our management team that were made in the anonymous letters and have surfaced in recent months,” read the communication to the exchanges.

 

Source : Moneycontrol