Jun 05, 2013, 11.32 AM | Source: CNBC-TV18
Narayana Murthy will conduct a detailed performance evaluation across the company and will directly look into Infosys' merger and acquisitions strategy.
Kritika Saxena (more)
Reporter, CNBC-TV18 |
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.
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.
In a letter to employees, Infosys chief executive
Infosys CEO Vishal Sikka wrote a letter to his emp
"Any input that we receive from any source is take
Speaking to CNBC-TV18, Hugh Young, Managing Direct
The statement comes at a time when Indian IT compa