Newly appointed Infosys Co-Chairman Ravi Venkatesan has termed his appointment as "fairly seamless sort of action" and a continuity for an agenda that the board and the CEO has embarked upon.

COMMERCIAL BREAK
SCROLL TO CONTINUE READING

"This is fairly seamless sort of action. I have been on the board for six years and it signals continuity and the need to double down on the agenda that the board has and Vishal (Sikka) has embarked on," Venkatesan told ETNow in an interview here when asked what message does his appointment sends to the stakeholders.

On Thursday last, Infosys had elevated its Independent Director Ravi Venkatesan as co-Chairman.

ALSO READ: Infosys elevates independent director Ravi Venkatesan as co-chairman

ALSO READ: Vishal Sikka received Rs 43 crore pay from Infosys in FY17

On the other hand, Infosys Chairman R Seshasayee said challenges bring people together.

"..I am very very proud of the fact that we have extremely cohesive board of extraordinary leaders. We converge very quickly on what needs to be done on matters of differences of viewpoints. I don't think there is any turbulence and there will be any in future," he said when asked if the issue of division of roles of chairman and co-chairman slow down decision-making.

Asked if the board was giving preferential treatment to founders, Seshasayee said "This is an institution which has been created by the deeds of this promoter group, and nobody can take away that, but at the same time there is also an independent board and we have to act like one."

ALSO READ: Infosys justifies COO pay hike, says effective rise only 1.4%

When asked if Venkatesan's appointment will put an end to Founders-Board spat which the market witnessed in last few weeks, Sheshasayee said there are bound to be differences in viewpoints, but the company values founders' feedback, one instance of late being the issue of Pravin Rao's pay hike.