TOday, the MD and CEO Vishal Sikka of India's second largest IT services firm Infosys has resigned.

"...The board of directors of Infosys Limited has at its meeting today accepted the resignation of Dr Vishal Sikka as the Managing Director and Chief Executive Officer of the company with immediate effect," the IT firm said in a BSE filing.

Infosys said, "Sikka has been appointed as the Executive Vice-Chairman."

"The succession plan for the appointment of a new Managing Director and Chief Executive Officer has been operationalized by the board and a search for the same has been commenced," Infosys said.

ALSO READ:

Case registered against three men for stoning stray dog to death

Plea over death of children due to shortage of oxygen will be heard today in Allahabad HC

Chlorine Gas leaked in Uttrakhand, dozen of people become affected