Friday, June 7, 2013

iGate ex-CEO Phaneesh Murthy removed from company\'s board

Jun 08, 2013,Mumbai:--

Majority of shareholders removed former CEO Phaneesh Murthy for \'cause\' from the iGATE Corp board by written consent in lieu of a meeting. Murthy\'s removal will be effective from June 7, 2013.

Murthy was sacked after a company sexual harassment investigation revealed that he had not disclosed a relationship with a subordinate.

Murthy, one of the industry\'s best-known executives, was forced to quit India\'s second-biggest software services exporter Infosys Ltd in 2002, following a sexual harassment lawsuit, which was settled out of court.
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