Difficult to imagine Infosys without Bala's passion, says Murthy

Infosys director and chief financialofficerV Balakrishnan will resign from Infosys, effective 31 December, the company informed the Bombay Stock Exchange today. This is the eighth high-profile exit at the IT major ever since Narayana Murthy returned at the helm in June 2013 and comesat a time when Infosys’ shares are trading at a record high.

[caption id=“attachment_1123797” align=“alignleft” width=“380”] Representational image. Reuters[/caption]

Here are some of the reactions to Balakrishnan’sannouncement

Narayana Murthy:“Bala has been an early adopter and a keen anchor-builder of Infosys. It is difficult to imagine Infosys without Bala’s passion, commitment, and intellect,” NR Narayana Murthy said in the press release.

Shibulal: “Bala has played a pivotal role in building the finance function and has been a key driver behind all of out achievements in areas of investor relations and corporate governance, said Infosys CEO SD Shibulal in the press release.

Mohandas Pai: “Bala’s exit will be a big loss for Infosys. He had a great role to play and it is very sad to see him go. But I am sure Bala has put a good team in place,” said former Infosys director Mohandas Pai in an interview with CNBC- TV18.

What experts said:

“I don’t think Murthy’s return has been taken positively inside the company,” Anil Singhvi, Ican Investments told CNBC-TV18.

According to Ankita Somani of Angel Broking Balakrishnan’s exit will not really have an impactfroma businessperspectiveshe was not handling any client-facing positions. She, however, cautioned that such high attrition at the top management is bound to effect the stock in the long term.

“Now it is time for somebody new to take over. The decks are getting cleared, S Vishwanathan of Zinnov told CNBC-TV18.