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Infosys founder Narayana Murthy declines to comment on allegations of continuous assault leading to Vishal Sikka's resignation as CEO

Infosys Founder Narayana Murthy Has Declined To Comment In The Ongoing Crisis After The Resignation Of CEO Vishal Sikka, Following Alleged Interference By Murthy. Asked About His Reaction To Allegations, The Tech Mogul Remarked That He Did Not Deem It Fit To React On Such Statements.

News Nation Bureau | Edited By : Gautam Lalotra | Updated on: 18 Aug 2017, 03:40:52 PM
Infosys crisis: Narayana Murthy declines to comment on allegations of continuous assault leading to Vishal Sikka's resignation as CEO

New Delhi:

Infosys founder Narayana Murthy has declined to comment in the ongoing crisis after the resignation of CEO Vishal Sikka, following alleged interference by Murthy. Asked about his reaction to allegations, the tech mogul remarked that he did not deem it fit to react on such statements. "Below my dignity to respond to such baseless insinuations;Will reply to allegations at appropriate time on right forum," Murthy told media on Friday. 

"Read statement issued by board,extremely anguished by allegations, tone and tenor of statement," he added. 

Infosys board came out hard on its founder, blaming him as the main reason for chief executive Vishal Sikka's departure. "Mr Murthy's continuous assault, including this latest letter, is the primary reason that the CEO, Dr Vishal Sikka, has resigned despite strong Board support," the company said in a terse statement.

The company said that Murthy's letter contains factual inaccuracies, already-disproved rumours, and statements extracted out of context from his conversations with the board. "The Board has been engaged in a dialogue with the Founder to resolve his concerns over the course of a year, trying earnestly to find feasible solutions within the boundaries of law and without compromising its independence. These dialogues have unfortunately not been successful."

Infosys declined to speculate about Murthy's "motive for carrying out this campaign," adding that it must set the record straight on the false and misleading charges made by the doyen of the Indian IT industry which are damaging the company.

"Murthy has made repeatedly made inappropriate demands which are inconsistent with his stated desire for stronger governance," Infosys said.
Sikka had clearly expressed through his resignation letter that added that the allegations got extremely malicious and personal which slowed down th ability to make changed happen. "Allegations that have been repeatedly proven false and baseless by multiple, independent investigations. But despite this, the attacks continue, and worse still, amplified by the very people from whom we all expected the most steadfast support in this great transformation," an oblique reference to Murthy.

"Dr Sikka reiterated his belief in the great potential of Infosys, but cited among his reasons for leaving a continuous stream of distractions and disruptions over the recent months and quarters, increasingly personal and negative as of late, as preventing management's ability to accelerate the Company's transformation," Infosys said in a filing with the BSE.

Also Read: Vishal Sikka resigns as MD and CEO of Infosys, U B Pravin Rao takes interim charge

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First Published : 18 Aug 2017, 01:05:31 PM