Infosys announces appointment of new members to the Board
Infosys Technologies Limited has announced induction of four new members to its Board. In the course of a meeting, the Nominations Committee of the Company recommended induction of V. Balakrishnan as Chief Financial Officer; B. G. Srinivas as Senior Vice-President and Head - Manufacturing, Product Engineering, Product Lifecycle and Engineering Solutions, and Ashok Vemuri as Senior Vice-President & Head - Banking and Capital Markets and Strategic Global Sourcing.
The Board of Directors, in a meeting held after the Annual General Meeting (AGM), has accepted the recommendations of the Committee and appointed them as Additional Directors. The new directors will hold office up to the date of the next AGM. At that point, their appointment as Whole-Time Directors will be placed for approval of the shareholders.
N. R. Narayana Murthy, Chairman & Chief Mentor, said, "I am very happy that three outstanding Infoscions are joining the Board. I have worked with all the three closely and have benefited immensely from their wisdom. I am confident that they will take our company to even greater heights."
The Board also inducted Ann Fudge as an Additional Director of the Company. The appointment is effective October 1, 2011. Fudge is a Non-Executive Director at Unilever, Novartis AG and at General Electric Co. She served on the Board of Honeywell International Inc. from 1993 to 2003 and served as the non-executive director of Marriott International Inc. from 2001 to 2003.
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