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iGate Global Solutions has sacked its CEO Phaneesh Murthy following an investigation into a claim of sexual harassment .This is the second time that Mr Murthy is involved in sex scandal. In 2002 he had to leave the company after a sexual harassment lawsuit against him and the company, which made headlines. The sexual harassment lawsuit was filed by his former executive secretary at Reka Maximovitch. Maximovitch, a Bulgarian American national, had complained of sexual harassment and wrongful termination of employment. Infosys, settled the lawsuit out of court for $3 million. "The board's decision was made as a result of an investigation by outside legal counsel, engaged by the board, of the facts and circumstances surrounding a relationship Mr. Murthy had with a subordinate employee and a claim of sexual harassment," iGate said in a statement.
"The investigation, which is ongoing, has reached the finding that Mr. Murthy's failure to report this relationship violated iGATE's policy, as well as Mr. Murthy's employment contract. The investigation has not uncovered any violation of iGATE's harassment policy," it added. The board has appointed Gerhard Watzinger as President and CEO on an interim basis. Murthy was one of the brightest star at Infosys Ltdand and favourite of N. R. Narayana Murthy's founder of Infosys , had to quit the company after being charged with a sexual harassment lawsuit by an American employee. Infosys reached a $3-million out-of-court settlement in 2003.
as California-based global head of sales before leaving in 2002 after a sexual harassment lawsuit against him and the company. Brief story of Mr Murthy's success and failure:- Mr. Murthy has been the Chief Executive Officer and President of iGATE Corp. since April 1, 2008. He was made director of Infosys Ltd. In 2002, before leaving the company in 2003. Phaneesh Murthy involve both fame and controversy in his sparkling career as a global IT executive. However, his sacking as the chief executive officer of California-based iGate Corp may bring to an end his ambition.
This is the second time he has had to leave a company because of allegations of sexual misconduct. However, Murthy has denied all the charges and stated that he has not violated company policy. He also claimed that the charges of sexual harassment against him are 'completely baseless'. Mr Murthy was a rising star at Infosys - India's number two outsourcer - as its global head of sales before leaving in 2002 after a sexual harassment lawsuit against him and the company, which made headlines at the time and was settled out of court.
Murthy joined iGATE Global Solutions Limited in August 2003 after the company acquired Quintant in late 2003. He was named the chief executive officer of the company and later became its president in 2006. He was re-elected in 2010 and his term was about to end this year. The bulk of iGate's staff is based in India. Murthy is credited with the iGATE acquisition of Patni Computer Systems in 2011. iGATE is a mid-sized company and Patni Computer Systems is more than double its size.The deal made IGATE one of the largest IT companies in India. Mr Murthy has been an outspoken critic of the IT industry's traditional billing model. He recently came out with a strategy to challenge the outsourcing sector's billing model by charging for results instead of basing fees on the time and labour put in by the armies of staff working for India's big firms. The strategy is meant to appeal to clients with less-certain budgets in a tough economy.
He did his MBA from the Indian Institute of Management Ahmedabad, and received his B.Tech degree from the Indian Institute of Technology Madras.In January 2003.