Vishal Sikka, PhD, CEO of Infosys, resigned from his role Friday, dropping the Indian IT services firm's shares 10 percent, reports Reuters.
Dr. Sikka said a "continuous drumbeat of distractions" and numerous run-ins with Infosys founders over the company's strategy led to his resignation. In February, founder and former chairman Narayana Murthy reportedly accused Infosys of corporate governance lapses, according to Reuters.
"I cannot carry out my job as CEO and continue to create value, while also constantly defending against unrelenting, baseless/malicious and increasingly personal attacks," Dr. Sikka wrote in a blog post.
Since Dr. Sikka joined Infosys in 2014, company shares have increased more than 20 percent and its market value has increased by $4.6 billion. According to Reuters, Dr. Sikka was unlike former Infosys CEOs because he was not one of its founders and he spent most of his time in the U.S., the region from which Infosys derives most of its revenue.
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