Murthy to step down, Sikkar new Infosys CEO

Indian IT bellwether Infosys Thursday announced that Vishal Sikka would be its new chief executive officer and managing director from Aug 1, said a statement here.

In a dramatic development two days ahead of the $8.25-billion company's 33rd annual general meeting here Saturday, co-founder and executive chairman N.R. Narayana Murthy and executive vice-chairman S. Gopalakrishnan will step down June 14 to facilitate the transition smoothly, the global software major said in the statement.