Business

Nandan Nilekani Appointed Infosys Chairman After Seshasayee Quits

Nandan Nilekani. Credit: PTI

Nandan Nilekani. Credit: PTI

New Delhi: Succumbing to pressure from co-founders and a clutch of investors, Infosys today (August 24) named former CEO and Aadhaar-architect Nandan Nilekani as its new chairman, replacing R. Seshasayee.

Ravi Venkatesan also resigned as co-chairman, but will continue as an independent director.

Vishal Sikka, who quit last week as CEO but was made vice-chairman till his successor was appointed, also quit the board with immediate effect, the company said in a statement after its board meeting.

The board shake-up meets a key demand of the founder group led by N. R. Narayana Murthy, who had demanded a clean-up at the country’s second largest software services firm.

Two independent directors – Jeffrey S. Lehman and John Etchemendy – also resigned from the Infosys board with immediate effect.

The crisis had been brewing at Infosys since Sikka abruptly resigned, blaming founders for slander.