Infosys’ Vishal Sikka is not going anywhere at least till 2021

Impressed by his stellar performance in past few quarters, Infosys extended tenure of its chief executive Vishal Sikka by another two years till 2021.

Infosys is enjoying its strongest growth period in five years and has even trumped market expectations.

"The company's nomination and remuneration committee and board recognized the outstanding initiatives taken by Dr. Vishal Sikka towards restoring the company to industry leadership, which have already begun to show results. The management under the leadership of Dr. Sikka has drawn up goals for revenue, margins and people productivity for the financial year 2020-21, which are expected to be progressively achieved in the next five years. The board believes that Dr. Sikka's leadership will be essential to achieve these goals," Infosys said in the stock exchange filing.

As Sikka’s tenure got extended, his annual compensation will also be revised. His annual package stands at about $7 million, including stock options.

" After receipt of approvals and on a date that the nomination and remuneration committee shall determine and inform Dr. Sikka, the existing employment agreement shall stand terminated and be superseded by the new employment agreement," said Infosys.