Country's second largest IT firm Infosys has extended the tenure of its chief Vishal Sikka by nearly two years till March 2021, saying his initiatives have helped the company move towards reclaiming its industry leadership position.
Under Sikka, who took over as the CEO and Managing Director in August 2014, the company is now posting strong growth numbers for the last few quarters. “The company's nomination and renumeration committee and Board recognised the outstanding initiatives taken by Vishal Sikka towards restoring the company to industry leadership, which have already begun to show results,” Infosys said in a BSE filing. It added that the management, under Sikka’s leadership, has drawn up goals for revenue, margins and people productivity for FY 2020-2021, which is expected to be progressively achieved in the next five years.