Narayana Murthy Comes Out Of Retirement To Lead Infosys Again; Son To Assist Father



My son has to make me more effective: Murthy

Murthy said: "This calling was sudden, unexpected, and most unusual. But, then, Infosys is my middle child. Therefore, I have put aside my plans-in-progress and accepted this responsibility." 

"As I pointed out Rohan is my executive assistant, he has no leadership role. Shibulal is the CEO. There are executive directors in the company and the Board members, they are all competent people. Only role that Rohan has is to make me more effective. That's it," Murthy said.

Interestingly, while Murthy backed the firm's Infosys 3.0 strategy, he did not comment on the challenges being faced by India's second-biggest software-services provider.

"Only this morning at 9-O'Clock that the board invited me. Therefore, I'm not in a position to give any answer. It is not possible for me to comment on any issues or parameters of Infosys at this stage," he said.

The current challenging business environment coupled with stake-holders' nudge seem to have pushed the hand of the Board to make him Executive Chairman again after a gap of seven years.

Murthy was Non-Executive Chairman of the Bengaluru-headquartered firm from 2006 to 2011 and thereafter was made Chairman Emeritus, and the decision to recall comes at a time when the company grapples with a string of disappointing results and loss of marketshare.

"This in some sense is like a second innings because it's seven years since I completed my executive responsibilities... When I come back here in executive position, it's in some sense an exciting yet somewhat new challenge", he said. "This is a unique opportunity for me".

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Source: PTI