Moneycontrol News
IT bellwether Infosys' hunt for a new Chief Executive has picked pace with the company reaching out to Ashok Vemuri over the past few weeks. Following the exit of CEO Vishal Sikka, Infosys is understood to have reached out to Vemuri, to take over the reins of the company, according to a report in BusinessLine.
Infosys Nominations Committee and global executive search firm Egon Zehnder -- tasked with finding a new CEO for the tech giant -- have been actively pursuing Vemuri over the last two weeks, the report suggests.
Vemuri is the current CEO of Xerox Business Services and has previously headed iGATE Corp, which was acquired by Capgemini.
Prior to joing iGATE, Vemuri served as the global head of manufacturing and the Americas at Infosys. His understanding of the Infosys culture and leadership roles in American offices are some of the factors that will be crucial to his appointment as next Infosys CEO.
While Infosys has reached out to Vemuri, "we are still not sure whether he has made up his mind," the report states citing sources, adding that negotiations are still at an early stage.
Sikka had resigned earlier this year after a lengthy boardroom battle him and Infosys co-founder NR Narayana Murthy over alleged corporate governance issues. Following Sikka's exit, Nandan Nilekani returned to Infosys as the non-executive chairman.
Meanwhile, as the CEO hunt intensifies, the company is battling a war on another front -- GST portal. The Confederation of All India Traders (CAIT) has demanded a CBI inquiry against Infosys and other companies for the “failure” of the goods and services tax (GST) portal in spite of the large amount of investment and time that has gone into the system.
“Traders are frustrated with the GST portal. A good taxation system like GST is earning a bad image, not only among the trading community but all stakeholders,” said Praveen Khandelwal, Secretary General of the CAIT.
He said that when the new tax regime was rolled out, people expected a functioning portal, but traders are facing problems in filing returns.
“Infosys has failed to deliver…even the maintenance of the portal is under Infosys, there is a need to fix responsibility,” Khandelwal told Moneycontrol. Appointing a new CEO may, perhaps, expedite the resolution process for the GST portal.
Also Read | GST woes: CAIT calls for CBI inquiry against Infosys, others for poor tax portal
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
