The hunt for Infosys' new chief executive officer is on, and former Infosys board member Ashok Vemuri, who was reportedly one of the frontrunners, is not in the race.
The hunt for Infosys’ new chief executive officer is on, and former Infosys board member Ashok Vemuri, who was reportedly one of the frontrunners, is not in the race. The current CEO of Conduent, Ashok Vemuri put an end to the speculations, saying that he has not engaged and rejected any such overture. “As far as I’m concerned, that is the end of that,” he said.
49-year-old Ashok Vemuri in a long address to Conduent’s investors in a conference call categorially said that he was committed to his current company and intended to continue for coming years, clearing the air over speculations that he could be the next Infosys’ CEO. “I wanted to emphatically state that I’m committed to Conduent, our client’s, employees and shareholders; we are in the midst of a very exciting transformation journey that is progressing well and I have the support of my clients, my board, and my team,” Ashok Vemuri told analysts in a conference call.
“Whenever I have been approached for assignments, which you have described, I have not engaged and rejected any such overture. As far as I’m concerned, that is the end of that,” he added. Ashok Vemuri left Infosys in 2013 apparently after chairman Narayana Murthy chose Vishal Sikka over him.
Managing Director of PCCW group and former Infosys executive B G Srinivas, who was also a frontrunner, reportedly rejected the top-job as well. Internally, interim CEO & managing director U B Pravin Rao and presidents S Ravi Kumar and Mohit Joshi are in the race as well. Vishal Sikka resigned on August 18 following series of allegations by co-founder Narayana Murthy, mainly over Rs 1,250 crore acquisition of Israel based IT firm Panaya, who was given clean-chit by non-executive chairman Nandan Nilekani recently.
Most board members including the co-chairman R Seshasayee resigned soon after, and co-chairman Ravi Venkatesan stepped down to continue as an independent director. Within a week, Nandan Nilekani returned to the board of the company after a gap of about seven years as non-executive chairman, while Chief Operation Officer UB Pravin Rao was given interim charge of Managing Director and CEO on August 24.