BANGALORE: Infosys, India’s second biggest information technology company was recently in the news about the uncertainties regarding the company’s CEO selection. The speculations are now confirmed. A former executive of German software major SAP, Vishal Sikka is appointed as Infosys' Chief Executive Officer. With his appointment, Sikka becomes the first non-founder CEO of the company, reports Wall Street Journal.

In a dramatic development two days ahead of the $8.25-billion company's 33rd annual general meeting, Co-Founder and Executive Chairman N.R. Narayana Murthy and Executive Vice-Chairman S. Gopalakrishnan will step down June 14 to facilitate the transition smoothly, the global software major said in the statement. Sikka, will also be inducted as a full-time director on the company's board June 14^th.

Executive Chairman, N R Narayana Murthy said, “I am pleased with the selection of Dr. Vishal Sikka as our new CEO. Vishal brings valuable experience as a leader of a large, global corporation. His illustrious track record and value system make him an ideal choice to lead Infosys,” reports Business standard.

"Murthy and Gopalakrishnan will voluntarily step down as executive chairman and executive vice-chairman to facilitate a smooth transition of responsibilities. They will, however, continue on the board till Oct 10, as non-executive chairman and non-executive vice chairman respectively," it added.

Prior to this appointment and amidst under pressure to bring in a new chief executive, this $100 billion-plus outsourcing industry slapped legal notices to some well-known media houses—The Economic Times, The Times of India and The Financial Express.