Infosys CEO Vishal Sikka has resigned today. As per his resignation email he resigned due to personal attacks and constant pressure. Sikka was joined Infosys as CEO in 2014. Founders were not happy with Vishal Sikka. Board was supporting him. But due to constant stress and allegations he has decided to resign.
Share price went 9% down today due to this news.
Vishal Sikka was the Indian-American CEO and MD of Infosys, On 18th of August 2017 he stepped down as CEO & MD of Infosys. Currently, he is appointed as executive Vice-chairman of Infosys. Prior to joining Infosys, Sikka was a member of the Executive Board and the Global Managing Board of SAP AG, leading all SAP products and innovation globally. In his 12 years at SAP, Sikka led SAP’s product portfolio including the breakthrough in-memory platform, SAP HANA, all their applications, cloud and technology solutions. He is credited with accelerating SAP’s development processes, transforming its innovation culture and leading several successful product co-creation initiatives with clients. He is also the creator of the concept of ‘timeless software’, which represents the renewal of products without disruption to customer environments.
Sikka left the SAP board in May 2014 for “personal reasons”, and was announced as CEO and MD of Infosys on 12 June 2014.
Sikka left Infosys suddenly on 18th of August 2017 because of conflict of interests with the co-founders like Narayan Murthy after completing three years of term in Infosys