MUMBAI : The recent changes in the management structure of Infosys Ltd were aimed as much at gaining efficiency as they were at readying the company for a new chief executive next year, N.R. Narayana Murthy, executive chairman, said.
S.D. Shibulal, the last of the founders to head the company, is expected to retire in March 2015. Murthy, who attended the results press conference, also said he was not unreasonably perturbed by the exit of certain high-level managers in recent months.
He said some executive left because they felt they would not be able to meet their ambitions in the company, while others left because they preferred lower challenges.
The decision to do away with the executive council was taken in the interest of efficiency, Murthy said. Infosys had got rid of its central committee-based decision making earlier this month, preferring to consolidate the business operations under two presidents – U.B. Pravin Rao and B.G. Srinivas.
“If for any reason, the nomination committee decides that there will be a new CEO from outside, then this is the structure that is least perturbing to the stability of the organization… it will reduce the possibility of instability should we have an external CEO,” Murthy said.
Asked whether Rohan Murthy, his son who is on leave from Harvard University, will continue in Infosys even after Murthy retires for good, the executive chairman said the decision was for his son to make. The role, if any, will be decided by Infosys, he added, betraying a wish that his son should continue his association with the company.
Asked whether Murthy will continue in his active role even after a new CEO takes over, he said he wanted to retire for good, but the final call will be taken by the board.