Software major Infosys has started interviewing internal candidates
for the CEO role, a month after current CEO SD Shibulal's decision to
step down before his term ends in March 2015.
People
familiar with the development told ET NOW that the Infosys internal
search is not restricted to eligible board members. While Infosys
presidents BG Srinivas and UB Pravin Rao are the board members in the
fray, the others business leaders being evaluated include Sandeep
Dadlani, Manish Tandon and Ravi Kumar, according to sources.
Dadlani
is the global head of retail, CPG and logistics, a segment that
accounts for nearly a fifth of Infosys revenues. While Manish Tandon
heads life sciences, Ravi Kumar heads insurance, cards and payments
segment. However, sources say BG Srinivas is currently the front-runner
among the internal candidates. Also, interviewing business leaders
outside the board is largely being viewed as an attempt to motivate
leaders in the company, after a slew of top-level exits in the last
year.
Infosys said last month that it has
started a process to select the next CEO and that it will look at both
internal and external candidates. It engaged search firms Development
Dimensions International and Egon Zehnder to short-list potential
candidates. The final decision will be taken by the Nominations
Committee, comprising board members KV Kamath, Kiran Mazumdar-Shaw and
Seshasayee.
The decision to kick-start the
search process came after the current CEO SD Shibulal decided to retire
before his term ends in March 2015. While the corner office at Infosys
has always been a bastion of the founders in its three-decade history,
this is the first time that a non-founder will take charge at Infosys.
It will also come at a time when Infosys is struggling to play catch-up
with rivals after years of lagging peers as it struggled to implement
its Infosys 3.0 strategy
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