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Infosys’ co-founder Nandan Nilekani has been appointed non-executive chairman of the company, marking the return of founders at the helm of India’s second-largest software exporter and ending a short-lived experiment of an independent board and a professional chief executive at the company.
Nilekani’s return also forced the exit of Chairman R Seshasayee and former CEO Vishal Sikka, who quit along with two other independent board members — Jeffrey Lehman and John Etchemendy. Ravi Venkatesan, who was elevated as co-chairman after Seshasayee lost the confidence of Infosys co-founder N R Narayana Murthy, remains an independent director. The shake-up also brings down
