Infosys row: Chorus grows for Seshasayee’s exit, Nandan Nilekani’s entry

Bangalore: Infosys Ltd President, R. Seshasayee, may be on the way, even if a choir calling for the return of co-founder Nandan Nilekani becomes stronger, five days after CEO Vishal Sikka has resurfaced suddenly and the city hall Has blamed former president and NR promoter Narayana Murthy for the exit.

An Infosys spokesperson pronounces neither Seshasayee nor Nilekani. Nilekani did not respond to an email, text message and phone call for comments. According to three people directly aware of the latest development, Seshasayee’s future as president of Infosys is precarious and can be waived in the coming weeks, perhaps even days.

Nilekani, who has had a post-Infosys success stage as responsible for identifying India’s unique authority (UIDAI), has been reluctant to return to Infosys Murthy turning after his return as President Infosys in 2013 to revive the Floating business fortune, but can not oppose a temporary non-executive role if he can save the company, said a fourth person familiar with the matter.

Mint learns that Nilekani, who was to travel to the United States during a previously scheduled trip, postponed his plans because he is very upset with the note in anger directed against Murthy Murthy and met every day from the fifth person. Expressed in terms of anonymity that Co Ravi Venkatesan has tried in recent months to persuade Nilekani to take the chair or co-chair.

If Seshasayee resigns, a relaxation of the board is true, added the first three people. All data requested anonymity. “There will be no radical changes at the table,” said one of the three. Menta could not immediately determine which board members would cease if Seshasayee resigns, but in the last six months, Murthy asked for the resignation of Jeffrey Sean Lehman, who is the head of the Appointments and Remuneration Committee, and Roopa Kudva, who heads the committee audit.

Lehman, who served on the board of Infosys for more than a decade, is in any case unlikely to apply for the renewal of his term, which ends in 2018. “Investor confidence in the board is at a record level and want blood “Said Phil Fersht, director of research at HFS, a US-based outsourcing research firm. “Seshasayee is likely to fall all over the Sikka debacle and Panaya’s rash acquisition. I also hope that Roopa Kudva and Jeff Lehman followers.”

Mint reported Wednesday that large institutional investors, legal counsel advisers, intermediaries, company executives and some of the company’s 200,000 employees questioned the Board about its decision to publish a six-page note accusing Murthy of Sikka’s resignation . On Wednesday, some national institutional investors and former employees of Infosys called back from Nilekani to the company.

Since the company published the letter blame Murthy, he and the other founders have spoken to a number of major institutional investors and Infosys have pledged to support a possible clash with the conseil.Murthy, who was to go to investors Wednesday A postponed the Meeting for next week after being poorly supported, according to two other people aware of the developments.

“The company does not have any updates to share at this time,” said the spokesman, “if we develop, we will notify the media in due course. This however is not the first time Seshasayee faces pressure to resign.

Leave a Reply

Your email address will not be published. Required fields are marked *