Infosys has finally announced the appointment of Nandan Nilekani as the chairman of the board of directors. There have been some other changes as well on the board, making it one of the biggest shuffles in the recent times.
The announcement came with a regulatory filing made by the company. According to the filing statement, R Sheshasayee has resigned as chairman and director of Infosys, the development which paved way for Nandan Nilekani’s elevation. Nandan Nilekani is one of the 7 co-founders of Infosys, however, he had left the company in 2009 to head aadhaar program under UPA government. Nilekani has served as Infosys CEO from 2002 to 2007. As per 30th June 2017, Nandan Nilekani holds 2.29 percent stake in the second biggest IT service provider company of the country.
Over the last few days, there were speculations that Nilekani could be elevated to hold an influential position in the company. Yesterday, a group of domestic investors had urged the company to convince Nilekani to join in his suitable capacity. At first, it was believed that Nilekani was not interested in joining back the company, however, a series of discussions with the officials made him change his decision.
Vishal Sikka, former Infosys CEO who resigned last week following his differences with Narayan Murthy, will continue to remain CEO until March 31st, 2018.
One of the major tasks in front of Nandan Nilekani will now remain to find a replacement for Vishal Sikka and stabilise the current situation in the company. He joins Infosys at a crucial time when a lot is being talked about the company. Nilekani has been with the company for decades and it seems there could not be a better time for him to return.