Prof. Marti G. Subrahmanyam retires from Infosys Board
Infosys has announced that, in accordance with the retirement policy (attainment of 65 years of age for Independent Directors appointed to the Board prior to October 15, 2010) for the Company's Board of Directors (Board), Prof. Marti G. Subrahmanyam, Lead Independent Director, would retire from the Board effective August 23, 2011. Prof. Marti G. Subrahmanyam joined the Infosys Board in April 1998. The Company has decided not to appoint a new Lead Independent Director, since the current Board Chair is Independent.
K. V. Kamath, Chairman of the Board, said, "Prof. Marti G. Subrahmanyam has seen Infosys grow from its early days. His contribution as a director over the last 13 years has been significant and the Board could always look up to him for advice on a wide variety of areas and issues. He is extremely well informed on developments across the globe and we will miss Prof. Marti G. Subrahmanyam and his wise counsel."
Prof. Marti G. Subrahmanyam said, "As I look back over the past 13 years as a member of the Infosys board, I feel a great sense of satisfaction and privilege to have been associated with this iconic company. During this period, the company's revenues, profits and employee strength has grown one hundred times, impressive in any part of the world. Under the leadership of N. R. Narayana Murthy and the rest of the team, the company's focus on ethical values combined with performance excellence has placed it at the pinnacle of companies in India and around the world."
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