Infosys Co-Founder and Former CEO Named Chairman

Infosys edged up after co-founder and former CEO Nanaan Nilekani was named as the company’s chairman, as the India-based IT services firm tries to calm a storm after the surprise resignation of CEO Vishal Sikka last week. He said his priorities were to find a CEO, reconstitute the board and shape future strategy.

Chief Operating Officer Pravin Rao has been named interim CEO and will remain in the post until a replacement is found.

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