Infosys gets SAP tech head for new CEO
Vishal Sikka former head of technology for SAP, to take lead at Infosys
Infosys has appointed former SAP head of technology Vishal Sikka to be its new CEO and managing director.
Sikka, who will formally takeover from incumbent S D Shibulal from August, has joined the Indian IT giant as part of a wider shake-up of management and strategy under the company's Infosys 3.0 initiative.
UB Pravin Rao, President and whole-time director, has been appointed as chief operating officer, with effect from June 14, 2014; while Narayana Murthy and S Gopalakrishnan will voluntarily step down as executive chairman and executive vice chairman, respectively. Both will remain on the board of Infosys until October. The company has also promoted 12 internal leaders to executive vice president roles, with additional responsibilities.
Murthy will be designated as Chairman Emeritus with effect from October 11th, 2014 in recognition of his contributions to the company.
Sikka, who left SAP in May stating ‘personal reasons' was largely responsible for SAP developing in-memory computing solutions. His strong links to enterprise customers are likely to be valuable to Infosys, analysts said.
"I am pleased with the selection of Dr Vishal Sikka as our new CEO," said Narayana Murthy. "Vishal brings valuable experience as a leader of a large, global corporation. His illustrious track record and value system make him an ideal choice to lead Infosys. On behalf of all of us at Infosys, I would like to thank Mr. Gopalakrishnan, Mr. Shibulal and Mr. Batni for their contributions."
Murthy added: "I would like to thank our clients, the members of the Board, all my colleagues at Infosys, ex-Infoscions, our investors, the media, and well-wishers of the company for their support and encouragement. I also want to thank the members of my office, the Chief Financial Officer and the head of Human Resources for their fabulous support through my second innings at Infosys."
Dr. Sikka said: "I am honored to lead Infosys, an iconic company built by pioneers in the technology industry. I look forward to working with and learning from talented Infoscions around the world. Computing technology is reshaping every industry across every walk of life. We, at Infosys, have a unique opportunity to deliver breakthrough solutions that will bring greater value to our clients, employees, investors and other stakeholders. I am grateful to the Infosys Nominations and Governance Committee, Mr. Kamath, Mr. Murthy and the Board for this opportunity."