The second innings of NR Narayana Murthy at the company he founded 33 years ago has ended with a flourish. In a move that industry watchers termed as ‘out-of-the-box’, the founder of Infosys has hired a Silicon Valley stalwart to take the country’s second-largest IT services exporter into the next orbit of growth.
Narayan Murthy came back as executive chairman on June 1, 2013, and was given a five-year term to arrest the alarming slide of Infosys. Murthy said, “When the board approached me, I had two mandates: to assist them in finding an excellent successor to Mr Shibulal and create strong foundation for future growth of the company. By and large, I have fulfilled both these obligations.”
Murthy has also proved skeptics wrong by giving a total free hand to Sikka to strategise the new growth strategy for the company. “Vishal Sikka will have an opportunity to chart his own path and take Infosys to greater heights,” he said.
“All we have done is, at the customer facing level, both in sales and in software delivery, we only grouped certain responsibilities in a slightly different way so that people who were promoted were given larger responsibility. I do not think there will be any impact on customers, employees and how we deliver software,” he said. Murthy was quite categorical that there was no impact on the customers.
The latest organisational changes in Infosys has seen some restoration of the old guard by appointing UB Pravin Rao as the chief operating officer. This and elevation of 12 people to the the position of executive vice-presidents will ensure that there is continuity in the management.
Murthy in a letter to his employees last month said, “In FY15, it is extremely important that we sustain this growth momentum. We have adopted a simple formula for growth — chase more opportunities, increase the size of those opportunities, improve win rates and improve demand fulfillment.”
Murthy is now confident that the company he built is in safe hands and he will have more time to play with his two grandchildren.