Accessibility/Mobile Features
Skip Navigation
Skip to Content
Editorial News
Business
Classified Sites

The Canadian Press - ONLINE EDITION

Indian IT outsourcer Infosys names new CEO as co-founder steps down

MUMBAI, India - Indian outsourcing giant Infosys appointed a new chief executive on Thursday to help revive its flagging fortunes.

Vishal Sikka told reporters that he felt honoured to lead India's second-largest technology outsourcer and was looking forward to working with "talented Infoscions" around the world.

The co-founder of the company, Narayana Murthy, stepped down as executive chairman on Thursday after returning to the company last year as part of its overhaul.

Sikka is the first outsider to hold the top job at Infosys, having been a board member of SAP AG, another technology company, and working on developing new technology for cloud-based computing. Infosys has been focusing on contracts to develop cloud-based technology — managing companies' information on Internet servers instead of on paper in back offices — to revive business with clients reluctant to spend on development.

Several top executives left Infosys in the past year, unsettling shareholders.

Infosys has suffered along with other Indian outsourcers from lower spending by clients during the global downturn but orders have recently picked up from the U.S. and Europe.

  • Rate this Rate This Star Icon
  • This article has not yet been rated.
  • We want you to tell us what you think of our articles. If the story moves you, compels you to act or tells you something you didn’t know, mark it high. If you thought it was well written, do the same. If it doesn’t meet your standards, mark it accordingly.

    You can also register and/or login to the site and join the conversation by leaving a comment.

    Rate it yourself by rolling over the stars and clicking when you reach your desired rating. We want you to tell us what you think of our articles. If the story moves you, compels you to act or tells you something you didn’t know, mark it high.

Sort by: Newest to Oldest | Oldest to Newest | Most Popular 0 Commentscomment icon

You can comment on most stories on brandonsun.com. You can also agree or disagree with other comments. All you need to do is register and/or login and you can join the conversation and give your feedback.

There are no comments at the moment. Be the first to post a comment below.

Post Your Commentcomment icon

Comment
  • You have characters left

The Brandon Sun does not necessarily endorse any of the views posted. Comments are moderated before publication. By submitting your comment, you agree to our Terms and Conditions. New to commenting? Check out our Frequently Asked Questions.

letters

Make text: Larger | Smaller

Brandon Sun Business Directory
Sudden Surge: Flood of 2014
Opportunity Magazine — The Bakken
Why Not Minot?
Welcome to Winnipeg

Social Media

Canadian Mortgage Rates