Murthy to spend time with grandchildren,
read books Bangalore, June 12 (PTI) Grandchildren and books will take
up most of NR Narayana Murthy's time after he retires for the second
time from the company he co-founded with six friends over three decades
ago. Murthy will take over as Chairman Emeritus from October 11 as part
of a management rejig announced today by Infosys, which named former
SAP board member Vishal Sikka as its new chief executive officer and
managing director. Asked what he planned to do after retirement, Murthy
said: "At this time, I want to spend time with my granddaughters, my
family...I would also be in a position to read a few books." Murthy,
who first retired in 2011, was called back in June last year to head the
firm and put it back on a high-growth trajectory when peers TCS and HCL
Tech were outperforming Infosys. Upon his return, he set up the
Executive Chairman's office and inducted his son, Rohan, as Executive
Assistant. The office will now be dissolved and Murthy junior will exit
the Bangalore-based company. Infosys was set up in 1981 by Murthy and
his friends including S Gopalakrishnan, Nandan Nilekani and SD Shibulal
with a few hundred dollars. Since then, the company has grown to become
an over USD 8 billion entity and till a few quarters ago, was considered
the IT bellwether in India. Known to be a humble person, Murthy
remained at the helm of Infosys for two decades after its inception.
Murthy, often referred to as the father of India's booming IT sector,
served as Infosys Executive Chairman from 2002-2006. Awarded with the
Padma Vibhushan, the country's second-highest civilian honour, Murthy
did his masters programme in electrical engineering from the Indian
Institute of Technology in Kanpur. Apart from juggling responsibilities
at Infosys and his venture capital initiative Catamaran Investment,
Murthy served on the boards of entities including HSBC, Ford Foundation,
Cornell University and Wharton School.
Thursday, June 12, 2014
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