This is what Infosys CEO Vishal Sikka has to say over senior-level exits
Aug 4, 2017, 10:48 IST
Infosys saw a number of senior-level exits recently that raised several questions and concerns.
However, Infosys CEO Vishal Sikka dismissed all the concerns and compared the top-level exits with other companies.
When asked about the attrition rate at the top management, Sikka said it was “far lower than other firms.”
"It happens in every company. We actually did an analysis, both in terms of our own past as well as in terms of the other companies in our industry. And there are far more executives who have left every other company that we could think of," Sikka told a leading news channel.
Recently, Anirban Dey, global head and chief business officer of Edge products, Yusuf Bashir, MD, Infosys Innovation Fund, and Ritika Suri, executive vice-president, exited the company.
They were brought by Sikka from SAP.
Sikka quipped that there is a "fixation" on Infosys, and exit of individuals, including assistants and engineers, keeps showing up on the list.
Infosys has also been attracting limelight due to various other challenges such as governance issue between board members and founders, uncertain global economic environment, etc.
Asked about co-founder NR Narayana Murthy's reported comments recently that he regretted leaving the organisation in 2014, Sikka said it was a conscious decision to have an independent board and a professional management.
"This was something that we had very consciously established as an independent board and a professional management taking over from a founder-led board and a founder-led management. So, that is a big change," he said.
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However, Infosys CEO Vishal Sikka dismissed all the concerns and compared the top-level exits with other companies.
When asked about the attrition rate at the top management, Sikka said it was “far lower than other firms.”
"It happens in every company. We actually did an analysis, both in terms of our own past as well as in terms of the other companies in our industry. And there are far more executives who have left every other company that we could think of," Sikka told a leading news channel.
Recently, Anirban Dey, global head and chief business officer of Edge products, Yusuf Bashir, MD, Infosys Innovation Fund, and Ritika Suri, executive vice-president, exited the company.
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Sikka quipped that there is a "fixation" on Infosys, and exit of individuals, including assistants and engineers, keeps showing up on the list.
Infosys has also been attracting limelight due to various other challenges such as governance issue between board members and founders, uncertain global economic environment, etc.
Asked about co-founder NR Narayana Murthy's reported comments recently that he regretted leaving the organisation in 2014, Sikka said it was a conscious decision to have an independent board and a professional management.
"This was something that we had very consciously established as an independent board and a professional management taking over from a founder-led board and a founder-led management. So, that is a big change," he said.
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