SME Times is powered by   
Search News
Just in:   • GST good for logistics but glitches, compliance concerns: Ficci  • PNB fraud: ED raids over 45 locations in 15 cities  • India moving towards a $5 tn economy: PM  • CII-IBA Q4 Financial Conditions Index up over 2016-17, falls below Q3  • British minister for slashing some university tuition fees 
Last updated: 18 Aug, 2017  

vishal-sikka-infosysTHMB.jpg Infosys CEO and MD Vishal Sikka resigns

vishal-sikka-infosys.jpg
   Top Stories
» "Northeast land of unexplored opportunities for start-ups"
» Definition of employment changing: Kovind
» Need quality infra to keep pace with globalisation: PM
» India, Iran sign nine agreements
» People must be at the centre of governance: Naidu
SME Times News Bureau | 18 Aug, 2017
Vishal Sikka on Friday resigned as the Chief Executive Officer (CEO) and Managing Director of global software major Infosys Ltd, the company announced.

"The Board of Directors has accepted the resignation of Vishal Sikka as the Managing Director and Chief Executive Officer with immediate effect at its meeting held on Friday," said the IT major in a statement here.

The Board, however, appointed the 50-year-old Sikka as Executive Vice-Chairman and will hold office until the new CEO and MD takes charge by March 31, 2018.

It also appointed Chief Operating Officer U.B. Pravin Rao as the interim CEO and MD, reporting to Sikka under its overall supervision and control.

"Sikka will continue to focus on strategic initiatives, key customer the relationships and technology development. He will report to the Board," noted the statement.

Sikka will receive an annual salary of $1 (Rs 64) during his tenure as Vice Chairman. Any equity awards held by him that remain outstanding and shall continue to vest (and, in the case of stock options, become exercisable) in accordance with their terms.

"The Board thanks Sikka for his outstanding leadership and extraordinary contributions during a period of rapid evolution in this industry," the statement added.

Sikka joined Infosys on August 1, 2014. He previously served as Executive Director at the German software major, SAP.
 
Print the Page Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
66.20
64.50
UK Pound
87.50
84.65
Euro
78.25
75.65
Japanese Yen 58.85 56.85
As on 20 Feb, 2018
  Daily Poll
Is counterfeiting a major threat to SMEs?
 Yes
 No
 Can't say
  Commented Stories
» Starting an import export business: Basic guide for beginners(17)
» New MSME definition(11)
» New Startup India framework launched(3)
» Govt has freed MSME sector from 'inspector raj: Giriraj Singh(2)
» Job seekers protest at Bihar railway stations(2)
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter