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More Stories With his appointment, Sikka becomes the first non-founder CEO of Infosys. Sikka will take over from S D Shibulal on August 1, 2014. Infosys had already begun to invest in what it called the 3.0 strategy and Sikka’s appointment is expected to boost that business. "As of now people are more surprised by NRN's untimely exit after 1 yr when his & his son's term was 5 years," said an employee who has been working with the company for over 5 years. We are happy that the man who represents big money and with a big intellectual competence is coming to us, said N R Narayana Murthy. "Infosys has put India on the map of the digital world. I am honoured to lead Infosys, which is an iconic company built by pioneers," Sikka said. Vishal Sikka’s appointment as the chief executive and managing director of Infosys forced people like Nandan Nilekani to post his views on twitter. Even if it opens higher today, I do not think it is the right time to step in. With the new appointment, it will have its own series of repercussions in the first year itself, he says. "Infosys has put India on the map of the digital world. I am honoured to lead Infosys, which is an iconic company built by pioneers," Analysts, however, say that investors should stay away at current levels as the stock has seen a sharp run-up in past few sessions. Sikka, who will also be the company's MD, quit SAP in May. He comes in at a time when Infosys has had four straight years of narrowing margins. |
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