iGate Corporation on Tuesday said that it terminated  president and chief executive officer Phaneesh Murthy following the charge of sexual harassment leveled against him by a subordinate employee.
 
Way back in May 2003 Murthy faced the similar charge at Infosys Ltd which was later settled by the company for $3 million. The woman involved in that case was his personal secretary Reka Maximovitch.
 
The Board has appointed Gerhard Watzinger as President and CEO on an interim basis.
 
The company said in a statement that the investigation, which is ongoing, has reached the finding that Murthy's failure to report this relationship violated iGATE's policy, as well as Murthy's employment contract.
 
"The investigation has not uncovered any violation of iGATE's harassment policy", it said. 
 
Co-founder and co-chairman Sunil Wadhwani said, "We recognize the significant contributions Murthy has provided over the past ten years in helping to establish iGATE as a leader in the IT industry. He has worked hard to improve the value of iGATE, and we greatly appreciate his efforts. However, as a result of this violation of iGATE policy, we asked Murthy to step down."
 
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