Former Infosys CFO T V Mohandas Pai feels that the present leadership at the Bengaluru-based company is not focussed on creating shareholder value even as he reposed faith in CEO Vishal Sikka's leadership, saying there is "need for a strong chairman". Pai, who served as a board member of Infosys from 2000 to 2011, also said it was a "mistake" on the part of N R Narayana Murthy to "focus on only founders becoming leaders (CEOs)" which led many people to quit the company. "I am very saddened.
All of us spent a major part of our lives building up this great company, and I am very saddened by what has happened," Pai, who is not a founder but spent 17 years with the company before quitting in 2011, told PTI. Yesterday, Infosys defended the pay hike to Chief Executive Sikka and the severance package for two former senior executives, saying all decisions were made "in the overall interest of the company", amid reports of simmering differences between the CEO and its founders.
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