Ashok Vemuri and BG Srinivas, the former executives of Infosys, are the frontrunners to be the chief executive position of the IT company, even as the company looks at making a deputy CEO job to guarantee management continuity, claimed the sources that were aware of the issue. The Bengaluru-based firm is not having a simple time choosing a new leader after previous CEO Vishal Sikka exited in August after a bruising war with establisher NR Narayana Murthy over issues of corporate governance. Cofounder Nandan Nilekani came back to the firm as non-executive chairman to stable processes.
Infosys has had a discussion with a swing of candidates, comprising some executives from Google and Oracle, a top executive of the company claimed to the media in an interview. “It’s not an simple job for the panel. There are several buts and ifs that come pop up when a candidate is interviewed. The issue in Infosys is that the firm is viewed as having various power centers. While Nilekani has approval, he is viewed as a founder. The panel, which was rebuilt lately, has new and older members who have witnessed the chaos over various management modifications,” he claimed.
“Various candidates want promise of non-meddling by the founders.” Candidates are also worried about the status risks that might be comprised in governing the firm after Sikka encountered fire for the Panaya acquirement and other decisions related to process, he claimed. As per an external advisor who has operated closely with Infosys for various years, Sikka was possibly the last option the firm had of drawing outside skill set for the leading job. Two prospects mentioned operational mess and promoter-interference as factors to not take in to consideration while applying for the role of CEO of Infosys, he claimed.
This has needed Infosys to seek at the alumni of Infosys for possible candidates. Srinivas, who is Hong Kong-listed PCCW Ltd.’s group managing director, was a president at Infosys when he exited the firm in 2014 and had widespread experience in its Europe commerce as well as in engineering and manufacturing services, as per the sources.