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Infosys Live: Kiran Mazumdar Shaw to Head CEO Hunt, Says Nandan Nilekani

News18.com | August 25, 2017, 1:13 PM IST
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A decade after leaving, Nandan Nilekani is back at the helm of Infosys and will remain the software giant’s chairman for two years. In an investors’ call, which is currently underway, Nilekani says the hunt for the company’s CEO, a post vacated by Vishal Sikka recently, will be a “global one”.

Stay tuned for live updates:
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Aug 25, 2017 1:13 pm (IST)

CLICK TO READ | Focus on Stability, Have no Discordant Voices at Infosys: Nandan Nilekani

Within hours of taking charge at the helm of Infosys, Nandan Nilekani got into damage control mode seeking to calm investors' nerves through an early morning conference call.

Aug 25, 2017 12:45 pm (IST)

IT bellwether Infosys will hold a press conference at 4.30 pm today.

Aug 25, 2017 11:19 am (IST)

The investors' call has ended. Stay tuned for a press conference by the IT major later in the day.

Aug 25, 2017 11:16 am (IST)

So within hours of taking charge at the helm of Infosys, Nilekani has got into damage control mode, seeking to calm investors' nerves. The company has been in a crisis over the last few months amid a standoff between the founders and the management over allegations of corporate governance lapses.

Aug 25, 2017 11:15 am (IST)

CLICK TO READ | Joined @ 26, Rejoined @ 62: Life Comes 'Full Circle' for Nandan Nilekani

Nandan Nilekani, 62, who was CEO of the company between 2002 and 2007 and is credited as the architect of the world's largest biometric ID card programme Aadhaar, will take over as Chairman of Infosys.

Aug 25, 2017 11:09 am (IST)

The primary concern is to get a CEO asap. We will work on getting the new CEO and expanding the board. I am using my trusted relationships with all stakeholders to put Infosys on a stable platform. The strategy team will make a complete inventory of all the current initiatives: Nandan Nilekani

Aug 25, 2017 11:05 am (IST)

Despite a Constitution Bench upholding privacy as a fundamental right, Nandan Nilekani says he is sure Aadhaar will come out with flying colours when a Supreme Court bench hears the challenge to its validity. Nilekani had quit Infosys in 2009 to steer the Aadhaar initiative. Earlier, he had called the SC judgment a "superb decision".

Aug 25, 2017 10:54 am (IST)

I do a lot of things in public space that I would like to go back to… I now have a fairly good idea of what to do to make Infosys stable…. I want to put Infosys on super stable, high growth path…. I don't want any corporate governance lapses. Nominations committee to pick the CEO to be headed by Kiran Mazumdar Shaw: Nandan Nilekani

Aug 25, 2017 10:53 am (IST)

The process of figuring out if lapses will occur parallely with the core business of Infosys... We will bring issues to closure without violating corporate governance: Nandan Nilekani

Aug 25, 2017 10:45 am (IST)

In investors' call, Nandan Nilekani says he has the full support of co-founder Narayana Murthy

Aug 25, 2017 10:45 am (IST)

Global Hunt for CEO, Says Nilekani#

Nandan Nilekani says the hunt for a CEO, a post vacated by Vishal Sikka recently, will be a global one. "Will look at pool of internal and external candidates for CEO," says Nilekani.

Aug 25, 2017 10:44 am (IST)

I like to believe that I am more than just a founder. I have been invited to the Board by all parties and I assume people see me as a unifying and wholistic person. I believe I am one: Nandan Nilekani

Aug 25, 2017 10:43 am (IST)

I represent all shareholders as chairman. My biggest job as chairman is to align interests of board and company…. I do not want Infosys management to be distracted from primary purpose of growing business. We will be sensitive to the concerns of all shareholders: Nandan Nilekani

Aug 25, 2017 10:36 am (IST)

"Search for CEO at Infosys will be a global one. We will aslo look at Infosys alumni for hiring," says Nilekani

Aug 25, 2017 10:26 am (IST)

I plan to be here as long as necessary and I will not be here as I'm not necessary, says Nilekani

Aug 25, 2017 10:25 am (IST)

No disruption whatsoever expected. Spoke to Vishal, we agreed it was an appropriate time to leave: Nilekani

Aug 25, 2017 10:23 am (IST)

We want to bring complete stability. Want to ensure everyone is on the same page. Will launch a wide global  search for CEO, says Nilekani.

Aug 25, 2017 10:20 am (IST)

This company will be a board managed company. We will consult with all stakeholders to take Infosys forward, says Nandan Nilekani

Aug 25, 2017 10:18 am (IST)

I am big admirer and fan of NR. He is an iconic leader and father of corporate governance in India, says Nandan Nilekani

Aug 25, 2017 10:15 am (IST)

Nandan Nilekani says he plans to be at Infosys for as long as required and will leave only once stability has returned. Sources say his tenure for now is two years.

Aug 25, 2017 10:14 am (IST)

A decade after leaving, Nandan Nilekani is back at the helm of Infosys and will remain the software giant’s chairman for two years. He is currently addressing a conference call of investors. Let’s listen in…

Infosys Live: Kiran Mazumdar Shaw to Head CEO Hunt, Says Nandan Nilekani
File photo of Nandan Nilekani. (Hemant Mishra via Getty Images)
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