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Ravi Venkatesan logs out from Infosys as independent director

Press Trust of India  |  New Delhi 

has resigned as an from Infosys, the first board-level departure since Nilekani took over the chairmanship of the IT more than eight months back.

He has quit the board with immediate effect to pursue an "exciting new opportunity", the Bengaluru-based company in a statement today.

Venkatesan was made co-of the company in April 2017 at a time when N R was gunning for then company management led by R Seshasayee and over corporate governance issues.

When named and former Nilekani as its new in August last year, Venkatesan stepped down as but continued to be an

"I joined the board at a time when was beginning the complex journey of transitioning from founder-led to professional management. This was also a time of tectonic industry shifts. I am pleased that this mission has been accomplished. is strong, in good hands, and is gaining momentum," Venkatesan said in the statement.

Venkatesan had "served briefly as before successfully transitioning this responsibility when Nilekani became chairman in August 2017", it added.

Describing Venkatesan as "a champion for driving social impact", Nilekani said, "I am delighted that he will be pursuing an exciting opportunity in this area".

"I thank Ravi for his pivotal contributions to Infosys in a period of important transitions and towards a digital-first future. This passage is one that every entrepreneurial company faces eventually and I thank Ravi for his leadership in ensuring a successful transition," he said.

Nilekani also said the board would miss his passion, strategic insights and personal warmth but he would always remain a friend.

Venkatesan is also the of

India's second largest IT exporter had witnessed a protracted stand-off between its high-profile founders led by Murthy and the previous management over issues of corporate governance and compensation to former executives. Another bone of contention was the acquisition of technology firm by Infosys under Sikka.

Last month, Infosys said it was selling as well as Skava, another firm that Sikka had acquired.

Earlier this year, an anonymous whistleblower had in a letter to markets regulator Sebi and purportedly sought the resignation of independent directors, including Venkatesan, over divergent stand on

The tussle between previous management and Murthy had led to the sudden resignation of Sikka as in August last year. joined as the new CEO in January this year.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, May 11 2018. 21:35 IST
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