Mumbai: Vishal Sikka, the Chief Executive Officer (CEO) and Managing Director (MD) of techonology giant Infosys resigned from his position on Friday morning.
Sikka will however continue as the Executive Vice Chairman of the company. Meanwhile, U B Pravin Rao has been appointed as the CEO and MD of Infosys.
Sikka's rule in the company had been facing a lot of flak from former founders like Narayana Murthy. Infosys has also seen a rush of high-level exits in recent times.
Vishal Sikka joined Infosys in April, 2014, bringing along with him a team of colleagues from his former work place SAP SE.
The benchmark BSE Sensex took a 200-point plunge after the morning announcement of Sikka's resignation.
The company's shares were trading down by 5.99 per cent at Rs. 960 on the BSE.