Diabytes
U B Pravin Rao News
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He will continue to hold the position of interim-CEO and MD for a maximum of five years, or until a new CEO and MD is appointed, Infosys said in its postal ballot.
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Nilekani, who comes under the promoter category, holds 0.93 percent stake in Infosys.
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Amid the uncertainty surrounding IT major Infosys following the sudden resignation of Vishal Sikka, Interim CEO and MD U B Pravin Rao has assured employees that the company will "stay the course".
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As an action-packed day unfolded at Infosys with the abrupt exit of CEO Vishal Sikka, amused twitteratis exhibited their witty sides with hilarious digs and puns around an otherwise acrimonious corporate drama.
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Once a poster boy of Indian IT success story, Infosys has been battered by intense acrimony, with founders accusing the board of poor corporate governance on issues like executive pay and acquisitions.
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Vishal Sikka has resigned from Infosys amid heightened acrimony between the board and the high-profile founders led by NR Narayana Murthy.
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In a strongly worded statement, the country's second largest software services firm defended Sikka's performance saying under him, Infosys has delivered profitable revenue growth.
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The "continuous stream of distractions and disruptions" that became increasingly personal and negative forced Vishal Sikka to quit as the CEO of Infosys.
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At its board meeting held on Friday, the Board of Directors of Infosys Limited accepted Vishal Sikka`s resignation as the Managing Director and CEO, effective immediately.
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Here is the full text of Vishal Sikka’s resignation email to the Infosys board.
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Here's a look at U B Pravin Rao's profile.
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Vishal Sikka has now been appointed as executive vice-chairman of Infosys.
Infosys on Thursday said its board has approved pay hike of its Chief Operating Officer U B Pravin Rao.
IT services major Infosys, which has been battling high attrition rates, expects the situation to continue for a few more quarters before it can be brought down to "comfortable" levels, its Chief Operating Officer U B Pravin Rao said Tuesday.
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