Infosys' first CEO returns to help lead struggling company

June 02, 2013

Infosys' co-founder and first CEO N. R. Narayana Murthy has returned to the company as executive chairman, amid concerns that the outsourcer's performance has not been as good as that of some of its Indian peers. Murthy, 67, said he will be "adding value" to CEO S.D. Shibulal, who has initiated a strategy called Infosys 3.0, which aims to focus the company on high-margin businesses like consultancy, reusable platforms and products. Once the darling of investors, Infosys has seen lackluster growth in revenue and profits in comparison to some of its Indian competitors such as Tata Consultancy Services. Murthy could now help Infosys recover from problems it has had in executing on its strategy, analysts said. Familiar faces at helm Murthy was chairman and CEO of Infosys from its founding in 1981 to 2002, and remained as chairman until 2011, when he was appointed chairman emeritus, largely an honorific position. To read this article in full or to leave a comment, please click here

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