On August 1, 2014, Infosys Ltd ADR (NYSE:INFY) will gear up for a brand new leadership with CEO Vishal Sikka, former SAP AG executive, taking the charge of the India’s software services giant. On Thursday, Infosys announced the appointment of Sikka, who will succeed S.D. Shibulal in his present role. This will be the first time when Infosys Ltd ADR (NYSE:INFY) has taken in a CEO, who is not a founder of the company. With the new face on the board, the company intends to pull itself off the shrinking profit margins that it has experienced since the last four years. During a brief conversation with Bloomberg‘s Rukmini Rao, Sikka revealed his plans about the company.
When asked about how he intends to take the journey ahead, Sikka said,
“I think the opportunity ahead of us is an opportunity to help every industry in every walk of life, in terms of software, to deliver value to the customers, which the company is already doing. I think that there is a tremendous opportunity to help reshape the world of software with amazing new kind of applications and new kind of value that is to be brought in.”
Talking about transformation, Sikka said that there are various dimensions to it, but since it is too early to confirm the transformational policies with his role taking effect on August 1, Sikka prefers to learn more about Infosys Ltd ADR (NYSE:INFY), its fabric and particularly pulse of the company.
However, Sikka gives his general view point saying, “Broadly speaking, it is about bringing some new additional dimensions to the business, it is about improving our existing business, but also about finding new fundamental processes that could help improve ourselves.” Altogether, it could be said that Infosys Ltd ADR (NYSE:INFY)’s designated CEO has a daunting task to help lift profits of the company, particularly at a time, when most of the company’s senior executives have made an exit over the last one year.
Polaris Capital Management, led by Bernard Horn, upped its stake in Infosys Ltd ADR (NYSE:INFY) by 27% in the first quarter of 2014 and now holds 1.42 million shares. Arrowstreet Capital, managed by Peter Rathjens, Bruce Clarke and John Campbell, is the largest shareholder tracked by InsiderMonkey, holding 2.54 million shares worth $137.52 million.