After Sikka, Infosys chairman R Seshasayee, co-chairman Ravi Venkatesan planning to exit: Sources

After Vishal Sikka, Infosys' chairman R Seshasayee is planning to leave, sources told CNBC-TV18. Seshasayee is unhappy with the recent course of events at the company and is planning to move on.

Not only Seshasayee, but co-chairman Ravi Venkatesan is also exploring options to move on.  Both Seshasayee and Venkatesan will make a decision on whether to carry on with the IT giant in coming few days.

The sources further said that both of them have assured the top command that they will leave only when the situation at Infosys stablizes.

Infosys will also appoint a search panel soon to oversee CEO selection and board re-composition. The panel may consist of founders, board members and outside business leaders.

On August 17, Vishal Sikka resigned as the Chief Executive Officer and Managing Director of Infosys with immediate effect.

The CEO selection process is likely to be completed within four months.

The company's top 10 clients of the company have written to the board expressing concern over the ongoing turbulence in the company. Clients seek clarity on the appointment of new CEO and other operational matters.

On Wednesday, a CNBC-TV18 source-based report said that Infosys co-founder Nandan Nilekani could return as the head.

Infosys told CNBC-TV18 that they do not have further updates on the issue. The company said in case of developments, it will inform the media and will refrain from making comments on speculations and rumors.