“My priority is to bring stability to Infosys”; Nilekani says at first board meeting
 Source : NewsBharati  Date : 26-Aug-2017

Mumbai, August 26: On the crisis surrounding the IT firm Infosys, Nandan Nilekani, who has been appointed the chairman of Infosys on Friday held a meeting with its Board of Directors, said my priority is to bring stability to Infosys.

Co-founder said, "I am extremely excited about the future of Infosys. The board is focused on bringing complete stability to the company. It has also tasked its committee of directors to work with the company CEO and management to review and refresh the company's strategy by October."

 

Reiterating that he represented 100 per cent of the shareholders, Nilekani assured them that he would discharge his responsibility with the highest standards of governance, treating all investors equally.

"We are trying to align complex things. This is not about founders and non-founders. This is about all of us working together to align a united company," he said.

Nandan Nilekani, who has been newly appointed as the chairman of Infosys, expressed his happiness on his return to India's second largest IT firm. "Joined @Infosys at 26, re-joined it at 62. Life does turn full circle!," Nilekani tweeted.

Vishal Sikka, who quit last week as CEO but was made vice-chairman till his successor was appointed, also quit the board with immediate effect, the company said in a statement after its board meeting.

The board shake-up meets a key demand of the founder group led by N R Narayana Murthy, who had demanded a clean-up at the country's second largest software services firm.

Two independent directors Jeffery S Lehman and John Etchemendy also resigned from the Infosys board with immediate effect. The crisis had been brewing at Infosys since Sikka abruptly resigned last week, blaming founders for slander.