Upset by Infy board's charges, will respond at right time: Murthy

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Infosys co-founder NR Narayana Murthy on Friday said he is not seeking “any money, position for children, or power”, while expressing anguish over the board’s allegations that his “continuous assault” led to Vishal Sikka quitting as CEO.

Murthy, who has been in a long-running battle with the board and top management of the company he founded with six others over three decades ago, said his concern primarily was the “deteriorating standard” of corporate governance at Infosys.

He also questioned the investigations that cleared the technology major of all charges of mismanagement.

In a surprise announcement, Infosys today said Sikka has quit as CEO after nearly three years on the post.

It issued a strongly-worded statement earlier in the day blaming Murthy’s “continuous assault” as the primary reason for Sikka’s quitting.

The company’s board alleged that Murthy has repeatedly made “inappropriate” demands, which are inconsistent with his stated desire for stronger governance and that his “campaign” has intensified over time.

“I am extremely anguished by the allegations, tone and tenor of the statements... I will reply to these allegations in the right manner and in the right forum and at the appropriate time,” Murthy said in an emailed statement.

Daily Pioneer
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