Vishal Sikka will take over as CEO and MD of Infosys - Angel Broking

Views of Ms. Sarabjit Kour Nangra (VP Research - Angel Broking)

Vishal Sikka will take over as CEO and MD of Infosys:

"Indian technology major Infosys announced that Vishal Sikka will take over as CEO and MD of the company with effect from August 01, 2014. The company also said founder NR Narayana Murthy, who returned from retirement to lead the company as executive chairman, will step down from June 14, 2014, and will be appointed Chairman-Emeritus. The company also elevated UB Pravin Rao as chief operating officer. Sikka will become the first non-founding member CEO of the company established in 1981 by Murthy. The entry of an CEO into the company, is much awaited news for the company, which has been seraching for an CEO and has been stradlled with the exodus of the key emploess. Now with a new CEO, with proven credientials, we believe that the news is positive for the company's gowth prospects. We mainatin our accumulate with a target price of Rs. 3,640."

Source : Equity Bulls

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