IIPM EDITORIAL: Nilekani calls it a day!

In an unexpected announcement, Nandan M. Ni

lekani has decided to step down from the post of CEO and has made way for Chief Operating Officer, C. Gopalkrishnan to take over. Reigning the post for good 5 years, 51 year old Nilekani would now be seen in the role of Executive co-Chairman of Infosys. Commenting on his new role, Nilekani said, “In my new role, I will focus on key client relationships, be a brand ambassador, deal with broad industry issues, provide global thought leadership, lead some transformation initiatives and contribute to strategy.” Now mentor – Narayan M. Murthy also stepped down from the post of CEO at the age of 55 in the year 2002.

It has been a tradition at Infosys to pass on the baton early and Nilekani’s decision, though sudden, has carried it forward. Recently, Infosys also declared its results which saw the company post a net profit of Rs.38.50 billion for the year ended March 31, 2007, clocking a Year-on-Year (YoY) growth of 56.6%. For the fourth quarter ending March 31, 2007, the net profit grew at 70% YoY to Rs.11.44 billion.

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