Friday, December 25, 2009

Family member to succeed Narayana Murthy?

There has some speculation as to who might succeed N R Narayana Murthy as chairman when he retires in two years' time. Murthy has in the past indicated that it could be somebody from outside the company. For the first time, an ET report hints at the possibility of somebody from his family taking over. This will come as a surprise as the Infosys founders have thus far been at pains to distance their families from the company:

I would not like to rule out bringing talent from outside...(but) we have to first assess the talent within the company so that we reward smart, loyal people and then look outside," Murthy told a news channel when asked about his succession plans for the company.

However, he did not rule out the possibility of someone younger from his family to take over the charge of the company either.

"We have not ruled out anyone from younger generation in joining (the company) but whatever will be done will be done purely on the basis of merit, suitability and competence," he said responding to a question on the possibility of someone from his family running the company in future.


K.R.Srivarahan said...

One hopes that Narayana Murthy is much more sensible than permitting or wanting a family member to succeed him in the company. His iconic status built assiduously over a long time will take a hit otherwise.

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