Vishal Sikka new Infosys CEO; Murthy to step down


In a significant appointment, the Infosys selected former SAP chief technology officer Vishal Sikka as its CEO. He will be inducted on the Infosys board on June 14, and Infosys founder Narayana Murthy will step down as executive chairman, company said in its early month listing to bourses.
Dr Sikka, the first person from outside the company to hold the post. He will take over as CEO and MD from current chief SD Shibulal on August 1, the company said ending months of speculation about who will lead India's number two IT major.
Dr Sikka tweeted, "Humbled to lead @Infosys an iconic pioneer in IT. Looking fwd to learn & work w/ infoscions & global clients on breakthrough innovation."
Once star performer, Infosys hit by uncertainty at the top and its shrinking market share dimmed its status as the employer of choice for young IT workers, with staff leaving. Analysts had said the company would benefit from swiftly appointing a new CEO.
On April 12, the company had indicated that Shibulal might step down before his official retirement date in March 2015. Accordingly, Shibulal and Srinath Batni will step down from the board on July 31.

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