ibnlive » Business

Jun 01, 2013 at 03:07pm IST

NR Narayana Murthy starts his second innings at Infosys

Bangalore: In a bid to bring the IT company back on the high growth path, NR Narayana Murthy returned back as Executive Chairman and Additional Director on the Infosys Board on Saturday. Murthy's five-year tenure begins from June 1, 2013 and he called his return as the start of the second innings.

"This is in some sense like second innings because it's been seven years since I completed my executive responsibilities. When I came back here in an executive position, it is in some sense an exciting yet somewhat new challenge. This is an opportunity for me to add to the mission of Mr Shibulal (Managing Director and CEO of Infosys)," said Murthy while addressing the media with KV Kamath and Shibulal in Bangalore.

"I am very very thankful to everyone. standing here is very unusual for me, I did not in my wildest dream imagine that I will be back here therefore when Chairman KV Kamath met me and invited me to come back to add value to company I was in dilemma. And then I decided to to do things which excites me, I was fortunate to add value therefore this was an opportunity for me," added Murthy

"After discussing it with my family I decided as long as I have an opportunity in the manner which is most enjoyable to me it is not objectionable to me," he said.

The reshuffle also saw Murthy's son Rohan Murthy being appointed as his Executive Assistant. Murthy, who had earlier denied any possibility of passing the company's baton to his son, said the only role that Rohan has is to make him effective and he will have no leadership role.

KV Kamath, Board Chairman, has stepped down from his position and taken up the position of Lead Independent Director effective from June 1, 2013.

"Board has recognised that the industry and indeed the company is facing obstacles. Narayana Murthy will take the Chair of the Infosys board and lead the company through the next 5-years, said KV Kamath.

When asked about the company's strategy. Murthy said, "Infosys 3.0 strategy is led by Managing Director and CEO SD Shibulal. He has done extremely well. It is not fair to say that founder CEOs have not fared well. "

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