The clash between the company’s board and its founders led by NR Narayana Murthy led to such sudden development. In his mail to the firm’s employees, Sikka wrote, “But now, after much thought, and considering the environment of the last few quarters, I am clear in my decision.” The Infosys board has blamed Narayana Murthy’s ‘continuous assault’ for Vishal Sikka’s decision to quit as MD and CEO.
Sikka was appointed as CEO in 2014 and the company took a significant transformation during his term. Infosys said chief operating officer UB Pravin Rao will be interim managing director and CEO.
Murthy had reportedly said that he had been told by at least three independent directors of the company that Vishal Sikka was less CEO material and more chief technology officer (CTO) material.