Jun 05, 2013 11:32 AM IST | Source: CNBC-TV18

Narayana Murthy returns; Infosys top brass to overhaul ops

Narayana Murthy will conduct a detailed performance evaluation across the company and will directly look into Infosys' merger and acquisitions strategy.

Infosys top brass is set to overhaul the entire operations as a part of the software services exporter's 3.0 strategy, CNBC-TV18's Kritika Saxena reported on Monday, quoting sources.

Narayana Murthy was appointed as executive chairman of the board and additional director, effective Saturday, amid what have clearly been challenging times for the Bangalore-based company he had founded. The company, once the industry bellwether, is now regularly missing its guidance, stopped issuing quarterly forecast last year and has failed to keep pace with the rest of the industry.

Murthy will be joined by son Rohan as his executive assistant.

According to CNBC-TV18, the first step Murthy is taking is to conduct a detailed performance evaluation across the company, and two consulting companies have been hired to help.

There is also likely to be a reshuffle in mid-management roles and the US and Europe teams will be expanded.

Also Read: Infosys up 7%; brokerages tell how to price Murthy factor

Infosys is open to domestic and international acquisitions and it will actively look at companies with exposure to the US market.

Murthy will also now directly look into the company's merger and acquisition strategy, the report added.

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