Can Vishal Sikka script a quick turnaround for Infosys? Price chart shout out a big NO!

Succession battle in Infosys, top managers leave while Narayan Murthy and his son exit. How will the market react? Read here!

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Image: www.icde2013.org

Infosys has finally put to rest the rumors regarding the appointment of Chief Executive Officer (CEO) by naming Mr. Vishal Sikka as the new CEO and also the managing director. Mr. S.D. Shibulal is relinquishing the title and will hand over the reins to him on August 1, 2014. Apart from this, executive chairman N R Narayan Murthy and his son Rohan Murthy have also decided to exit the company by October 2014. Since the return of the company’s founder N R Narayan Murthy, there has been a massive exodus of top-level management with as many as 12 senior leaders quitting the company in 12 months. For a company already battling a high attrition rate of 18% (as per the data of April 2014), this exodus was a big blow as the fears mounted that the company was falling apart. The appointment of Vishal Sikka, earlier the member…

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