Ex-CFO Balakrishnan bats for Nilekani as Infy chairman

Infosys’ ex-CFO V Balakrishnan Wednesday favoured bringing in Nandan Nilekani as the chairman of the company, saying his experience and understanding of clients made him a “good face” to lead the organisation in the current situation. Balakrishnan’s comments come at a time when the clamour to bring back Nilekani, one of the most high-profile founders of the IT firm, seems to be growing in various quarters. Speaking to PTI, Balakrishnan said that given the current situation, the board should consider getting Nilekani at the helm and asserted that the current chairman (R Seshasayee) and co-chairman (Ravi Venkatesan) need to step down. “Nilekani is a good face to have... I personally think if at all he comes back, he should come in as the chairman and try to identify a good CEO. That will be ideal situation,” he said.

Balakrishnan argued that Nilekani had “done well” during his tenure at Infosys

and had been well connected with customers. “Nilekani is a good global face and is most respected. Moreover, he has worked in large government projects Aadhaar... he has the right credentials to come to the board,” Balakrishnan said, but hastened to add that Nilekani’s return is a “speculation” at this point. In a sudden move, Infosys’ first non-founder CEO, Vishal Sikka resigned last week citing slander by founders. The Infosys board issued a stinging statement blaming cofounder N R Narayana Murthy for the CEO’s resignation. Infosys has said it will find a CEO replacement latest by March 31, 2018. On August 18, the day Sikka announced

his resignation, investor advisory firm Institutional Investor Advisory Services (IiAS) said it favoured Nilekani being brought back on the board as its non-executive chairman. IiAS said the Infosys board has been “unable to protect its CEO” and to select a successor, it must begin by “reinventing itself ”.

“It must convince Nandan Nilekani to join the board once again as its non-executive chairperson,” it had said in a report, adding that Nilekani should not see this as any other corporate job as Infosys is at the heart of Indian IT and its success will foretell how the sector will position itself for future.