Business

Feedback from clients positive, reassuring: Infosys

Feedback from clients positive, reassuring: Infosys

TIL Desk/National/New Delhi/ IT major Infosys today said the feedback from its clients and stakeholders, despite weeks of acrimony between the founders and former board members, has been “positive and reassuring” and it is now focusing on executing its strategy.

The Bengaluru-based firm has been in the eye of a storm over the past few months, with the two sides clashing over allegations such as corporate governance lapses and irregularities in Infosys’ USD 200-million Panaya acquisition.

“Since Vishal left and Nandan came on board, we have had a massive outreach. We have talked to all the stakeholders, clients and employees,” Infosys interim CEO and MD U B Pravin Rao said at the Citi Global Technology Conference 2017.

He added that the company has also reached out to investors and industry consultants and “more or less, the feedback has been extremely positive and reassuring”. Rao said Nilekani’s return has brought in a sense of stability at the board level.

“Nandan’s primary focus as the non-executive chairman is more on the board governance, board oversight but at the same time, he will also be tasked with CEO succession planning,” he added.

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