 "Undeterred by top level exits, Murthy has new succession plan for Infosys")
In the last six months, Infosys has seen 8 top level exits. The resignation of director and former chief financial officer V Balakrishnan,also meant the second of the company’s three chief executive officer contenders was calling it quits.
Balakrishnan’s departure has raised some major concerns over succession planning at Infosys.The exits could signal turmoil and, perhaps, even trouble.
But it seems Narayana Murthy has a plan in place.
[caption id=“attachment_1300347” align=“alignright” width=“380”]  Reuters[/caption]
According to a Business Line report today, in a move to reduce the downside of the exits, Infosys has created a three-tier leadership structure consisting of about 500 executives.
The first tier consists of 45 executives, the second of 150 and the third of over 300.
Despite these major resignations, Infosys has been quick to identify replacements.
Recently, in a bid to boost the employee morale, Murthy has reassured them about the company’s future plans, according to a report on_CNBC-TV18_. “There is a strong mechanism in place to handle the recent exits..journeyahead will be exciting as the company is at a precipice of change,” Murthy told Infosys employees.Young talent will be given a chance to grow, he said.
However, DNA reported, citing industry sources, thatpower struggle in the company has beenintensifiedas the old order is not giving way for the new. Murthy’s turnaroundstrategy of elevating young staff to make the company leaner has reportedly not gone down well with its senior management.
Impact Shorts
More ShortsBut Murthy’s plans are intact.Will the leadership re-structuring pan out in the long run? The next six months will be quite crucial for the company.
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