NEW DELHI -- Succumbing to pressure from co-founders and a clutch of investors, Infosys today (August 24) named former CEO and Aadhaar-architect Nandan Nilekani as its new chairman, replacing R. Seshasayee.
Ravi Venkatesan also resigned as co-chairman, but will continue as an independent director.
Vishal Sikka, who quit last week as CEO but was made vice-chairman till his successor was appointed, also quit the board with immediate effect, the company said in a statement after its board meeting.
The board shake-up meets a key demand of the founder group led by N. R. Narayana Murthy, who had demanded a clean-up at the country's second largest software services firm.
Two independent directors – Jeffrey S. Lehman and John Etchemendy – also resigned from the Infosys board with immediate effect.
The crisis had been brewing at Infosys since Sikka abruptly resigned, blaming founders for slander.
Bend It Like Our Netas
(01 of11)
Open Image ModalPrime Minister Narendra Modi has spearheaded the campaign on the benefits of yoga. This year he was in Lucknow, leading an International Yoga day event. Today he tweeted urging everyone to practice yoga saying, "In addition to fitness, wellness is important. Yoga is a medium to achieve wellness.I urge everyone to make Yoga a part of their lives." (credit:Twitter/All India Radio)
(02 of11)
Open Image ModalYogi Adityanath was in Lucknow as well, here he is seen doing some tough yoga moves. (credit:Twitter/myyogiadityanath)
(03 of11)
Open Image ModalUnion Minister of State for Home Affairs Kiren Rijiju had broken the internet with his workout photos. And today he took to Twitter to show that he can bust some yoga poses too. (credit:Twitter/Kiren Rijiju)
(04 of11)
Open Image ModalUnion Minister for Urban Development, Housing & Urban Poverty Alleviation, Information & Broadcasting M Venkaiah Naidu was seen leading a group of people in New Delhi's Connaught Place. (credit:Twitter/Venkaiah Naidu)
(05 of11)
Open Image ModalBJP President Amit Shah celebrated International Yoga Day with Baba Ramdev and Gujarat Chief Minister Vijay Rupani in Ahmedabad. And given it was Baba Ramdev who was leading the event, it is possible that they may have had quite a tough session. (credit:Twitter/ANI)
(06 of11)
Open Image ModalRailway Minister Suresh Prabhu and Maharashtra Chief Minister Devendra Fadnavis were seen meditating at an event in Mumbai. (credit:Twitter/ANI)
(07 of11)
Open Image ModalThe tree pose is not everyones cup of tea, but here are Union Minister of Ministry of Human Resource Development Prakash Javadekar along with Manipur Chief Minister N Biren Singh mastering it at an eventin Imphal. (credit:Twitter/Prakash Javadekar)
(08 of11)
Open Image Modal (credit:Twitter/Ravi Shankar Prasad)
(09 of11)
Open Image ModalFormer ministers and now Goa Chief Minister Manohar Parrikar was at an auditorium in Goa's Bambolim. (credit:Twitter/All India Radio News)
(10 of11)
Open Image ModalMadhya Pradesh Minister Shivraj Singh Chouhan was at an event in Bhopal's Lal Parade Ground leading a group of people. (credit:Twitter/ANI)
(11 of11)
Open Image ModalManeka Gandhi celebrated International Yoga Day, a couple of days ago with anganwadi children in New Delhi. The children seem to be following the minister quite well. (credit:Twitter/MIB_India)