Vishal Sikka resigns as CEO & MD from Infosys

BENGALURU: Having sustained persistent jabs by the company's co-founders for several months now, Infosys CEO and MD Vishal Sikka has resigned from his post.

Sikka's resignation letter was presented and accepted in the company's board meeting held on Thursday.According to the company's BSE filing, Sikka has stated the reason for his resignation as "ontinuous stream of distractions and disruptions over the recent months and quarters, increasingly personal and negative as of late, preventing management's ability to accelerate the Company's transformation."

Sikka has now been appointed as the company's Executive Vice Chairman. In his place, UB Pravin Rao, presently the COO, will act as the interim CEO. The Infosys board said it accepted his resignation with "regret". 

The company said in an official statement, "The Board is profoundly distressed by the unfounded personal attacks on the members of our management team that were made in the anonymous letters and have surfaced in recent months. As the Board has previously stated, a series of careful investigations found no merit to the unsubstantiated and anonymous allegations that had been asserted. The Board denounces the critics who have amplified and sought to further promote demonstrably false allegations which have harmed employee morale and contributed to the loss of the Company’s valued CEO."