'Murthy's return will spark short-term rally in Infy stock as challenges galore'
Live: Murthy an iconic leader, welcome his return to Infy, says Nasscom

Corporate Jun 1, 2013

Recall sudden, most unsual : What Murthy said on returning to Infosys

By Firstbiz Staff

In a bid to bring the IT company back on the high growth path, NR Narayana Murthy returned back as Executive Chairman and Additional Director on the Infosys Board today.

Murthy's five-year tenure begins from today and he called his return as the start of the second innings.

AFP

AFP

"This is in some sense like second innings because it's been seven years since I completed my executive responsibilities. When I came back here in an executive position, it is in some sense an exciting yet somewhat new challenge. This is an opportunity for me to add to the mission of Mr Shibulal (Managing Director and CEO of Infosys)," said Murthy while addressing the media with KV Kamath and Shibulal in Bangalore.

"I am very very thankful to everyone. standing here is very unusual for me, I did not in my wildest dream imagine that I will be back here therefore when Chairman KV Kamath met me and invited me to come back to add value to company I was in dilemma. And then I decided to to do things which excites me, I was fortunate to add value therefore this was an opportunity for me," added Murthy.

"After discussing it with my family I decided as long as I have an opportunity in the manner which is most enjoyable to me it is not objectionable to me," he said.

"This calling was sudden, unexpected and most unusual. But, then, Infosys is my middle child. Therefore, I have put aside my plans-in-progress and accepted this responsibility...I intend to do my best to add value to the company in this challenging situation," Murthy said.

When asked about the company's strategy. Murthy said, "Infosys 3.0 strategy is led by Managing Director and CEO SD Shibulal. He has done extremely well. It is not fair to say that founder CEOs have not fared well. "

by Firstbiz Staff

Related Stories.