Best of luck to those who left: Murthy

Tags: Murthy, News
Unfazed by the exodus of top executives, Infosys co-founder and Executive Chairman N R Narayana Murthy today said he wished luck to those who quit the firm and said the company has a strong cadre of leaders and that its future will not be "compromised".

"These people have shouldered heavy responsibilities in the company. For several years, some of them have taken new work, bigger responsibilities. So therefore, I would say that we wish all the people, that have left us, the best," Murthy told reporters here.

Murthy, who returned to Infosys last year to steer the company back on growth track, said he was confident of the strong cadre of leaders that the company has.

Asked if his son Rohan is being groomed for the top job at Infosys, Murthy said it is a decision to be taken by his son.

He added that Rohan, who is on leave from Harvard, would like to go back at an appropriate time.

"...What position he will hold in Infosys, that is not for me to decide...Who knows he may change his mind, he may do something else in India - who knows, so I cannot commit what he will do in his future. That's not fair on my part," Murthy said.

Speaking to analysts in the morning, Murthy said Infosys was the first Indian company to set up a leadership institute.

"We have a three-tier programme and these three tiers have developed approximately 600 leaders...We have a large number of enthusistic and energetic people who report to people in this room. As far as the future of this organisation is concerned, that future will not be compromised for leadership," he said.

In the last few months, Infosys has witnessed a steady exit of top-level executives with Board member and BPO business head V Balakrishnan being the latest casualty.

Another board member and Head of Americas business Ashok Vemuri, who was considered to be a top contender for the CEO's position after Shibulal's retirement, quit the firm to join iGate as CEO.

Other exits included Vice President and financial services head (Americas) Sudhir Chaturvedi, sales head Basab Pradhan and senior vice-president and head of financial services (Americas) Shaji Farooq.

Last week, the company announced restructuring of its business under two divisions to be headed by B G Srinivas and U B Pravin Rao.

These two are now being considered as possible contenders for the CEO's post after S D Shibulal retires.

Infosys has also dissolved its top decision-making body, the executive council, with effect from April 1, 2014.

Besides top management, the company is also struggling to retain mid and lower management staff.

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