Infosys CEO Sikka resigns, bruised by disputes with founders: A timeline

Major events at Infosys Ltd since the appointment of Vishal Sikka as the Chief Executive Officer three years ago. Sikka resigned on Friday. Here is a timeline of all the major events of this saga:

Aug 2014 Vishal Sikka, a former SAP AG executive board member, takes over from S.D. Shibulal as Infosys chief executive to revive the fortunes of the company which was losing market share.

Dec 2014 Some of Infosys's founders —N.R. Narayana Murthy, Nandan Nilekani, S.D. Shibulal and K. Dinesh—sell shares worth $1.1 billion in the company, cashing in on a more than 20 per cent gain in the stock since Sikka’s appointment.

Feb 2016 Board decides to extend Sikka’s tenure by two years to 2021.

Feb 2017 Infosys says had already addressed concerns about executive pay after media reported that its founders had complained about decisions including a pay hike for Sikka.

Feb 2017 Company reassures investors and analysts it was not being distracted by a dispute with founders.

April 2017 Founder Murthy criticizes salary hike given to Chief Operating Officer, Pravin Rao.

April 2017 Company announces $2 billion cash return to shareholders and appoints Independent Director Ravi Venkatesan as co-chairman of board, moves seen aimed at placating some founders and former executives who were critical about the management.

Aug 2017 Sikka resigns as CEO, citing a stream of distractions and disruptions.