1. Narayana Murthy hits out at Vishal Sikka; says beyond dignity to respond to such allegations

Narayana Murthy hits out at Vishal Sikka; says beyond dignity to respond to such allegations

Murthy said that he will reply to the allegations in "right manner, forum and at an appropriate time."

By: | New Delhi | Updated: August 18, 2017 4:00 PM
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Infosys founder NR Narayana Murthy on Friday hit out at former CEO Vishal Sikka and said that it’s beyond his dignity to respond to the allegations made by the latter. Addressing media, Murthy said that he will reply to the allegations in “right manner, forum and at an appropriate time.” The former Infosys CEO expressed that he is extremely anguished by allegations, tone and tenor of statements. Hitting out at the allegations, Murthy reminded that he himself quit the position of CEO in 2014, adding, that he never sought any money or position for his children from the company. He added that his concerns were primarily in regards to deteriorating standard of corporate governance.

Earlier in the day, Vishal Sikka announced his resignation from the post of company CEO, a move that sent shockwaves to India Inc. Sikka’s resignation came following the differences with some founders of the company, including Narayana Murthy. A media statement issued by the company said that board of directors had accepted Sikka’s resignation and appointed UB Pravin Rao as interim CEO and managing director. In his letter to the board, Sikka said he was leaving because of “a continuous stream of distractions and disruptions” that were hindering management of the company.

Infosys board alleged that a letter authored by Murthy, released to various media houses, has been primary reason for Sikka’s exit. “Murthy’s continuous assault, including this latest letter, is the primary reason that the CEO, Dr. Vishal Sikka, has resigned despite strong board support,” Infosys said in a statement. “Murthy’s letter contains factual inaccuracies, already-disproved rumours” and “statements extracted out of context from conversations board.” However, the board “declined to speculate about Murthy’s motive for carrying out this campaign, including the latest letter”, as per the statement.

 

  1. K
    Kalyan Kumar
    Aug 18, 2017 at 3:05 pm
    Tata-Mistry syndrome manifested in Infosys and took Sikka's wicket.
    Reply

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