IT firm Infosys on Thursday announced that Rohan Murty, son of its co-founder NR Narayana Murthy will leave the company on June 14, 2014.
In a press release to the BSE, the company said Dr. Rohan Murty whose appointment was co-terminus with the executive chairman, will leave the company on June 14, 2014.
Narayana Murthy will voluntarily step down as executive chairman on June 14, 2014.
On April 15 2014, Infosys CEO and MD S D Shibulal said Rohan's term would end with that of his father.
The senior Murthy, who co-founded the company with six other engineers in 1981, was last year brought back from retirement to the helm of affairs after the Bangalore-based firm posted lacklustre results.
He joined back in June, 2013 as Executive Chairman, bringing along his son Rohan Murthy as his executive assistant.
Since then, many have expressed apprehensions that Rohan is being groomed for the top job at the country's second largest software services firm.
"At this point in time, Narayana Murthy has clearly articulated that Rohan has come in in a specific role and his term will end with the end of Narayan Murthy's term," Shibulal had told CNBC TV18.
With PTI inputs