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Infosys founder Narayana Murthy defends role in boardroom feud
Infosys Ltd founder Narayana Murthy on Tuesday defended his role in a months-long war of words with the company’s board that led to changes at the top, saying his actions were in the interest of shareholders.
By
migrator
migrator
Mumbai
Speaking to investors on a conference call, Murthy said he hoped the company’s management would rally behind Nandan Nilekani, a co-founder and a former Infosys CEO, who was named as non-executive chairman last week.
Vishal Sikka, the first CEO of Infosys drawn from outside its founders, resigned this month, blaming Murthy for creating an “untenable atmosphere”, sparking a sell-off and wiping billions of dollars off Infosys’s market value.
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