Infosys Says Co-Founder Narayana Murthy’s “Continuous Assaults”

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BENGALURU: Infosys Board on Friday alleged that “continuous assaults” by the company’s co-founder, NR Narayana Murthy, had forced Vishal Sikka to resign as the chief executive officer and managing director. In a letter to the stock exchange, the Infosys board said that a letter Murthy wrote and released to the media had accused them and the firm’s management of failing to curb the alleged “falling corporate governance standards” at the company, Mint reported.

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Murthy’s claims are factually incorrect, the Infosys board said, accusing him of writing about “already-disproved rumors and statements extracted out of context from his conversations with board members”. The firm assured its shareholders and employees of its commitment to follow the highest international standards, saying Infosys will not be distracted by Murthy’s “misguided campaign”.

“Murthy’s campaign against the board has had the unfortunate effect to undermine the company’s efforts to transform itself,” Infosys said, adding that dialogue attempting to resolve differences with Murthy were unsuccessful.