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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.
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.