1. Infosys appoints Nandan Nilekani chairman; 5 things that will top his agenda

Infosys appoints Nandan Nilekani chairman; 5 things that will top his agenda

He has been appointed in the wake of the crisis generated by the tussle between cofounder NR Narayana Murthy plus other cofounders.

By: | Published: August 24, 2017 10:58 PM
Nandan Nilekani, Nandan Nilekani as Infosys chairman, cofounder Nandan Nilekani, Infosys, Infosys crisis, NR Narayana Murthy, R Seshasayee, Ravi Venkatesan Now that the cofounders have had their way, they had also secured backing from 12 crucial institutional investors, what exactly is on the plate of Nilekani now. (Image: IE)

Surprisingly, the move to usher in cofounder Nandan Nilekani back into a role in Infosys was rather easy. In an announcement today, Infosys said that it had appointed Nilekani CEO with immediate effect – he was appointed as non-executive chairman of the board after much speculation. He has been appointed in the wake of the crisis generated by the tussle between cofounder NR Narayana Murthy plus other cofounders and then CEO and MD Vishal Sikka over what the former said were falling corporate governance standards, the $200 mn spent on Panaya deal to buy the Israeli company and severance packages paid to some senior staff members who had exited the company. Now that the cofounders have had their way, they had also secured backing from 12 crucial institutional investors, what exactly is on the plate of Nilekani now. Take a look here:

1. Nilekani will have to manage a board that would be quite reluctant to act boldly due to uncertainty about what exactly the new chairman wants

2. Nilekani needs to find a new CEO. Difficulty is that since Sikka left under a cloud, the best talent in the field may not be willing to join Infosys

3. The IT industry is very competitive and Infosys will need to become razor sharp in its effectiveness if it wants to beat off the challenge posed by others – not just TCS, but even by Wipro, HCL, Tech Mahindra and others who have made huge gains in recent years

4. Nilekani may well face friction in making himself heard, leave alone obeyed at a company that he ran almost as far back as a decade

5. Cofounders may be looking to get some other members of the current boarrd to leave. While a number of people have already quit just before Nilekani’s appointment, including R Seshasayee and Ravi Venkatesan, there will be others who may oppose any move to make them leave

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