One of the strongest criticisms coming from some independent directors at Infosys was that Dr. Vishal Sikka was more of a CTO and less of a CEO.
Sanchit Vir Gogia, Chief Analyst, Founder & CEO, Greyhound said, “Since he (Dr. Vishal Sikka) runs a multi-billion dollar publicly listed firm, it makes matters a lot more complex. The maturity was lacking since they (Infosys) have this huge target of $20 billion by 2020. That could have been avoided. There were instances where it was apparent that there was a lack of experience in leading a publicly listed firm.”
Gogia feels that the onus of ensuring Dr. Sikka’s success was on the founders.
“Instead, they criticized him in public and it was a bloodbath. This has hurt investor sentiment, it hurt brands and it has hurt customers,” said Gogia.
Gogia says Dr. Sikka was not incompetent to lead the company and was a “thorough professional.” But the ordeal that he suffered was unfair. With a bit of support from the founders and more realistic targets, he could have made Infosys shine again.
[Source]
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Analyst:
Sanchit Vir Gogia: Sanchit is the Chief Analyst, Founder & CEO of Greyhound Knowledge Group, a Global Strategy & Transformation Research, Advisory & Consulting Group. To read more about him, click here.
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