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Infosys founder Murthy defends role in boardroom feud
August 29, 2017 / 1:55 PM / 23 days ago

Infosys founder Murthy defends role in boardroom feud

MUMBAI, Aug 29 (Reuters) - Infosys Ltd founder Narayana Murthy on Tuesday defended his role in a months-long war of words with the company’s board that led to changes at the top, saying his actions were in the interest of shareholders.

Speaking to investors on a conference call, Murthy said he hoped the company’s management would rally behind Nandan Nilekani, a co-founder and a former Infosys CEO, who was named as non-executive chairman last week.

Vishal Sikka, the first CEO of Infosys drawn from outside its founders, resigned this month, blaming Murthy for creating an “untenable atmosphere”, sparking a sell-off and wiping billions of dollars off Infosys’s market value. (Reporting by Sankalp Phartiyal; Editing by Edmund Blair/Keith Weir)

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