New Leaders on Board of Infosys

VARINDIA- INDIA'S FRONTLINE IT MAGAZINE

After a month long turbulence that swept the company through many speculations, the Board of Directors of Infosys has announced N. R. Narayana Murthy as the Chairman Emeritus, K. V. Kamath as the Chairman of the Board, S. Gopalakrishnan as the Co-Chairman of the Board and S. D. Shibulal as the Chief Executive Officer & Managing Director.

The appointments are effective from August 21, 2011. The decision of the Board is based on the recommendations of the Nominations Committee. Speaking on the occasion, Prof. Jeffrey S. Lehman, Chairman of the Nominations Committee, said, "This is a great moment for Infosys. These three leaders meld an extraordinary range of talents and experiences with a united commitment to drive the company to unprecedented levels of accomplishment while remaining true to its historic values. We could not be in better hands."

Kundapur Vaman Kamath is currently an Independent Director on the Board of Infosys. He is the Non-Executive Chairman of the Board of Directors of ICICI Bank Ltd. Kamath has a degree in mechanical engineering as well as one in management studies from the Indian Institute of Management, Ahmedabad. Kamath was awarded the Padma Bhushan in 2008. He has also been given an honorary Ph.D. by the Banaras Hindu University.

Speaking on the occasion, K. V. Kamath said, "Infosys is a company which has been built by its founders, led by the visionary leader N. R. Narayana Murthy, who as its Chief Executive Officer & Managing Director and then as its Chairman & Chief Mentor, provided Infosys its thought leadership over the years. This is an innovation-led company, with a core of outstanding professionals that has always set the highest standards and has built a unique culture. I feel greatly honoured to have been asked to be the Chairman of Infosys by the Board of Directors and accept this responsibility with a deep sense of humility."

S. Gopalakrishnan (Kris), a Co-Founder of the Company, has been serving as the Chief Executive Officer & Managing Director since June 22, 2007. Kris is recognized as a global thought leader. He has received many honours, including Padma Bhushan.

S. D. Shibulal is one of the co-founders and currently serves as the Chief Operating Officer of Infosys Technologies Ltd. He has over three decades of leadership experience in the IT services industry. He has played a pivotal role in the Infosys journey and a seminal role in the evolution of the Global Delivery Model which is now the de-facto industry standard for delivery of outsourced IT services. S. D. Shibulal has a Master's degree in Physics from the University of Kerala and an MS in Computer Science from the University of Boston.

Speaking on the occasion, S. D. Shibulal said, "I am honoured to be appointed the Chief Executive Officer & Managing Director of this great organization. In the last thirty years, Infosys has established itself as an industry leader. Under Kris's leadership, Infosys has scaled greater heights and has become a respected global brand. Vaman is a well-known and highly-respected corporate leader. As we look ahead, we will ensure that this leadership transition is smooth as all other transitions have been in the past. We are also making other organizational changes to strengthen our market position and ability to serve our clients better."

The Board of Directors unanimously invited N. R. Narayana Murthy to be the Chairman Emeritus effective August 21, 2011. This is in recognition of his founding the company, mentoring his co-founders, and nurturing the organization over the last thirty years.

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