Infosys' Vishal Sikka is highest paid CEO in Indian IT

Infosys Ltd, India’s second-largest software services provider, will pay its new chief executive officer (CEO) Vishal Sikka as much as $5.08 million (around Rs.30.48 crore) in annual salary and stock options worth $2 million, the company said in a circular, even as it called for an extraordinary general meeting of company shareholders on 30 July at Bangalore to approve the appointment of Sikka as the new CEO. Sikka, 47, will take charge on 1 August, replacing S.D. Shibulal. According to the circular, Sikka will be paid an annual base salary of $900,000 and annual variable pay of $4.18 million, besides being eligible to receive an annual stock option equal to $2 million in value.

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