Infosys starts interviewing internal candidates for CEO role

Software major Infosys has started interviewing internal candidates for the CEO role, a month after current CEO SD Shibulal’s decision to step down before his term ends in March 2015.

People familiar with the development told ET NOW that the Infosys internal search is not restricted to eligible board members. While Infosys presidents BG Srinivas and UB Pravin Rao are the board members in the fray, the others business leaders being evaluated include Sandeep Dadlani, Manish Tandon and Ravi Kumar, according to sources.

Dadlani is the global head of retail, CPG and logistics, a segment that accounts for nearly a fifth of Infosys revenues. While Manish Tandon heads life sciences, Ravi Kumar heads insurance, cards and payments segment. However, sources say BG Srinivas is currently the front-runner among the internal candidates. Also, interviewing business leaders outside the board is largely being viewed as an attempt to motivate leaders in the company, after a slew of top-level exits in the last year.

Infosys said last month that it has started a process to select the next CEO and that it will look at both internal and external candidates. It engaged search firms Development Dimensions International and Egon Zehnder to short-list potential candidates. The final decision will be taken by the Nominations Committee, comprising board members KV Kamath, Kiran Mazumdar-Shaw and Seshasayee.

The decision to kick-start the search process came after the current CEO SD Shibulal decided to retire before his term ends in March 2015. While the corner office at Infosys has always been a bastion of the founders in its three-decade history, this is the first time that a non-founder will take charge at Infosys. It will also come at a time when Infosys is struggling to play catch-up with rivals after years of lagging peers as it struggled to implement its Infosys 3.0 strategy.

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