Founder-chairman emails 1.6 lakh engineers, saying best of Infy is yet to come
Infosys Executive Chairman NR Narayana Murthy on Friday tried to boost the morale of employees by assuring them the best is yet to come and that the current search process for the first non-founder chief executive is going as per plans. “The selection process for the new leader is progressing as planned. The new chief executive officer will be announced at the conclusion of the process,” Murthy wrote in an email addressed to over 160,000 engineers at the IT company. “While the search is on, Infosys board, Shibu (SD Shibulal), Kris (Kris Gopalkrishnan) and myself will continue to steer the company in the direction we have set. I assure the best of Infosys is yet to come,” said Murthy. Murthy’s email to employees comes at a time the company could possibly see a fresh exodus of senior executives in the coming weeks. Some experts believe this could test Murthy’s stoicism, as many of the executives believed to be exploring options includes senior vice-presidents. Infosys has seen 12 senior executives, including one of the two presidents, BG Srinivas, leave the company since Murthy returned last June.
Some experts believe that BG Srinivas’ exit may have forced Murthy to write the email to staff
Back at the company, there was mixed reaction from employees. But there is agreement that apart from a few senior executives at the top, most employees do not know what is going on in the company.
“It is definitely assuring,” said a project manager working at the company’s campus in the suburbs. “With so much news flow, we don’t know what is happening. So it’s comforting to know when we are told that things are not that bad (as) is being made out.”
“We were joking with friends (over the email),” said an employee who joined the company six months ago. “(It’s) looking like his (Murthy’s) letters would become like HR emails (written frequently). Just a few days ago he wrote one. I think such emails don’t boost morale. (Rather) it’ll be great if he can actually stop such events from happening,” said the engineer, who graduated last year.
On May 24, Murthy, in his letter to employees, had said: “We have adopted a simple formula for growth — chase more opportuni- ties, increase the size of those opportunities, improve win rates and improve demand fulfillment.” An independent board member at the company earlier told ET that Srinivas quitting the company would not lead to any “speeding up of the search process” and a candidate would be announced “as per the earlier timeline given by the company”. Some experts believe Srinivas’ departure may have prompted Murthy to write to employees.
“(Srinivas’) departure is very sudden,” said Ray Wang, founder of Constellation Research. “Infosys is in the midst of a transformational change, so many variables are at play including who will lead, how outsiders will be brought in, and the mix between products and services,” said Wang. In the latest email, Murthy also complimented Srinivas’ contribution to the company.