IT Staffing Report: July 10, 2014

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Infosys hires former SAP exec as CEO

Information technology services firm Infosys Ltd. (NYSE: INFY) named Vishal Sikka as CEO and managing director. Sikka most recently was executive board member for products and innovation at business software giant SAP AG, where he was responsible for all products and also led initiatives to accelerate innovation and research. He holds a Ph.D. in computer science from Stanford University.

Sikka will take over the position from S.D. Shibulal, who will step down as CEO, managing director and from the board on July 31.

Sikka is the company’s first non-founder CEO.

In addition, the board elevated U.B. Pravin Rao, president and whole-time director, as chief operating officer, effective June 14.

The board also announced N.R. Narayana Murthy and S. Gopalakrishnan will voluntarily step down as executive chairman and executive vice chairman, respectively, on June 14. They will continue on the board to facilitate the transition until Oct. 10 as the non-executive chairman and non-executive vice chairman, respectively. Murthy, the founder of the company, returned to the board a year ago.

K. V. Kamath will become the non-executive chairman of the board on Oct. 11. Murthy will be designated as chairman emeritus from Oct. 11.

Srinath Batni, whole-time director of the company, will step down from the board on July 31.

The company also elevated 12 leaders to the position of executive vice president with additional responsibilities.

The executive chairman’s office will be dissolved effective June 14. Rohan Murty, whose appointment was co-terminus with the executive chairman, will leave the company at that time and the remaining members of the chairman's office will take up other responsibilities in the company.