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TMCNet:  NR Narayana Murthy showcases Infosys's leadership strength [Software & Services] [Times of India]

[January 14, 2014]

NR Narayana Murthy showcases Infosys's leadership strength [Software & Services] [Times of India]

(Times of India Via Acquire Media NewsEdge) MYSORE: Infosys put up a massive show of leadership strength at its magnificent 330-acre campus in Mysore, seemingly in an effort to tell the world that all is well at the company, and things are under control. The occasion was the media conference to announce the company's December quarter results. Co-founder N R Narayana Murthy, who returned to the company in June as executive chairman, led the event, the first time since his return that he chose to be present at a results conference and deal with a host of questions asked of him. With him on stage were some 25 others, some of whom had got new responsibilities. The company has seen a spate of top level exits in recent months, including those of two board members, and speculation has been rife that many more will quit following the major organizational restructuring announced a week ago. In that restructuring, it appointed two senior executives - B G Srinivas and U B Pravin Rao - as presidents, and dissolved its executive council of nearly 30 people. It had massively expanded the council less than three months prior to that. Analysts have also said that the loss of senior-level talent could impact the company's ability to get new business. Murthy explained the flipflop on the executive council, saying two groups were formed - one to look at expanding the executive council and another to look at organizational restructuring. "Organizational restructuring was an important initiative that took much longer and we all expected it. In the meantime , we got the report on expanding the executive council . So I said, like a man in a hurry, that the company wants to see some progress. I said let's go ahead and expand the council. But when we got the report on forming two presidents, we realized that the new structure was such that they (each of the presidents ) would have their own governance structures and the executive council would become superfluous. And we felt eliminating the council would not affect the future growth trajectory of the corporation ," he said. Asked whether the numerous executive exits worried him, Murthy said Infosys had established the leadership institute in Mysore in 2000 to deal with such issues.


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