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Infosys is Tanking Because Its Ex-CEO's Transformation Efforts Are Now in Limbo


If one wants to understand why Infosys Ltd's ( INFY ) shares are down over 7% in response to news Ceo Vishal Sikka is resigning, a good place to start would be the lengthy [email protected] interview he gave in March.


There, Sikka talked at length about his attempts to shake up Infosys' culture as the Indian IT outsourcing giant deals with intensifying competition and some big secular challenges.


He adds this "continuous drumbeat of distractions and negativity" has impacted his attempts to remake Infosys, and that "hundreds of hours" of his time have been recently devoted to dealing with it.


In a July letter to the board that Murthy released following Sikka's resignation, he raised perceived governance problems surrounding Infosys' $200 million 2015 purchase of Panaya, an Israeli provider of testing and quality-management tools for enterprise apps.


And while Infosys' headquarters remain in the Indian city of Bengaluru, Sikka and the company's "Office of the CEO" were stationed in Silicon Valley.




READ MORE (TheStreet.com)


  • Vishal Sikka resignation: Infosys loses its first ever Indian American CEOThe American Bazaar
  • Vishal Sikka logs out, Infosys declares war on Narayana MurthyBusiness Standard
  • Vishal Sikka's exit again shows India is no country for outsider CEOsQuartz
  • Continuous criticism led to Sikka's exitDeccan Herald
  • It Takes Two To Tango, Says Mohandas Pai On Vishal Sikka's Resignation From ...BloombergQuint
  • At Infosys, it's all-out war as Vishal Sikka resignsLivemint
  • Been Away From Home Far Too Often, Far Too Long: Vishal SikkaNDTV
  • Infosys war out in open, CEO Vishal Sikka quits, board blames MurthyThe Indian Express
  • Infosys CEO Vishal Sikka resignsZDNet


This post first appeared on The 5th News, please read the originial post: here

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Infosys is Tanking Because Its Ex-CEO's Transformation Efforts Are Now in Limbo

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