Infosys' first CEO returns to lead company

The current CEO S.D. Shibulal will continue in his post

Infosys' co-founder and first CEO N. R. Narayana Murthy has returned to the company as executive chairman, amid concerns that the outsourcer's performance has not been as good as that of some of its Indian peers.

Murthy, 67, said he would be "adding value" to CEO S.D. Shibulal, who has initiated a strategy called Infosys 3.0, which aims to focus the company on high-margin businesses like consultancy, reusable platforms and products.

Once the darling of investors, Infosys has seen lackluster growth in revenue and profits in comparison to some of its Indian competitors such as Tata Consultancy Services. Murthy could now help Infosys recover from problems it has had in executing on its strategy, analysts said.

Murthy was chairman and CEO of Infosys from its founding in 1981 to 2002, and remained as chairman until 2011, when he was appointed chairman emeritus, largely an honorific position.

He brings to Infosys his son Rohan Murthy, as executive assistant in the chairman's office, ending an over 30-year-old corporate policy not to employ family members of the company founders.

Shibulal is also a founder of the company. The CEO's has remained among the founders, which has been criticized by analysts who said the company was not giving an opportunity to high-performing insiders or to outside recruits for that job.

Shareholder approval is required Murthy's appointment as executive chairman and director for a period of five years, the board said Saturday.

Besides Murthy and Shibulal, former CEO S. Gopalakrishnan will steer the company as executive vice chairman. Gopalakrishnan was co-chairman of the company until the changes announced Saturday. Chairman K.V. Kamath returned to being an independent director on the board.

John Ribeiro covers outsourcing and general technology breaking news from India for The IDG News Service. Follow John on Twitter at @Johnribeiro. John's e-mail address is john_ribeiro@idg.com

Join the Good Gear Guide newsletter!

Error: Please check your email address.

Tags business issuesservicespersonneloutsourcinginfosysrestructuring

Our Back to Business guide highlights the best products for you to boost your productivity at home, on the road, at the office, or in the classroom.

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

John Ribeiro

IDG News Service
Show Comments

Essentials

Lexar® JumpDrive® S57 USB 3.0 flash drive

Learn more >

Microsoft L5V-00027 Sculpt Ergonomic Keyboard Desktop

Learn more >

Mobile

Lexar® JumpDrive® S45 USB 3.0 flash drive 

Learn more >

Exec

Audio-Technica ATH-ANC70 Noise Cancelling Headphones

Learn more >

Lexar® Professional 1800x microSDHC™/microSDXC™ UHS-II cards 

Learn more >

HD Pan/Tilt Wi-Fi Camera with Night Vision NC450

Learn more >

Lexar® JumpDrive® C20c USB Type-C flash drive 

Learn more >

Budget

Back To Business Guide

Click for more ›

Most Popular Reviews

Latest News Articles

Resources

GGG Evaluation Team

Michael Hargreaves

Windows 10 for Business / Dell XPS

I’d happily recommend this touchscreen laptop and Windows 10 as a great way to get serious work done at a desk or on the road.

Aysha Strobbe

Windows 10 / HP Spectre

Ultimately, I think the Windows 10 environment is excellent for me as it caters for so many different uses. The inclusion of the Xbox app is also great for when you need some downtime too!

Mark Escubio

Windows 10 / Lenovo Yoga

For me, the Xbox Play Anywhere is a great new feature as it allows you to play your current Xbox games with higher resolutions and better graphics without forking out extra cash for another copy. Although available titles are still scarce, but I’m sure it will grow in time.

Kathy Cassidy

STYLISTIC Q702

First impression on unpacking the Q702 test unit was the solid feel and clean, minimalist styling.

Anthony Grifoni

STYLISTIC Q572

For work use, Microsoft Word and Excel programs pre-installed on the device are adequate for preparing short documents.

Featured Content

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?