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I will continue with Infy as shareholder: Pai

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CIOL Bureau
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BANGALORE, INDIA: Mohandas Pai today announced that he is resigning from the company Board to serve the society in education and social service sectors, but said he would continue with the company as a shareholder

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Speaking in an interview to CNBC TV 18, Pai said that he was sad about his decision, but had no strife against the company.

He said, “I have lived Infosys all these years, spend my saturdays-sundays working 24 hours and now I will feel an emptiness.” He shared that he was resigning on an amicable way, following his internal call.

Talking about his future pursuits, he said that he may come back and be part of Infosys as a shareholder, and ask questions to the management. He said, “I will become board member in a few companies, carry on some social services, contribute to the education sector, but will not join any company as a full-timer.”

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On questions about his expected appointment as the CFO and a CEO going forward, he said that he never had any aspirations to be a CEO.

He added, “I stepped down in 2006 voluntarily, when I was a CFO. I was getting acclaims and credit, but decided to opt out. Infosys is a great company and new management will take it to new heights. It had, has and will continue having Narayana Murthy. There were three great people in Indian industry, JRD Tata, Dhirubhai Ambani and Narayana Murthy.”

Pai's responsibility was more as board member: Kris

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In the same interview, Kris Gopalakrishnan said that Nandita Gurjar will continue as global head of HR, while Pai's responsibility was different from HR and define more as a board member.

Kris added, “ Pai would be on board with us till June. The company is growing and I am confident that the company will do much better than it has done in past.”

He declined to comment on the expected management changes saying it is the boards decision.

Minutes after the announcement of annual end results by Infosys technologies, IT stock prices came down by 7.88 per cent in NSE Technologies. The prices touched intraday high of Rs 3,298.60 and an intraday low of Rs 3,045.40

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