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Narayana Murthy defends role in Infosys row

LiveMint logoLiveMint 29-08-2017 Sankalp Phartiyal

Mumbai: Infosys Ltd founder N.R. Narayana Murthy on Tuesday defended his role in a months-long war of words with the company’s board that led to changes at the top, saying his actions were in the interest of shareholders.

Speaking to investors on a conference call, Murthy said he hoped the company’s management would rally behind Nandan Nilekani, a co-founder and a former Infosys CEO, who was named as non-executive chairman last week.

Vishal Sikka, the first CEO of Infosys drawn from outside its founders, resigned this month, blaming Murthy for creating an “untenable atmosphere”, sparking a sell-off and wiping billions of dollars off Infosys’s market value. Reuters

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