Infosys appoints KV Kamath new Chairman, Shibulal new CEO
Current CEO, S Gopalakrishnan was appointed as Executive co-Chairman and Narayana Murthy was appointed as Chairman Emeritus of Infosys. Infosys Technologies will now be renamed Infosys Limited and all new appointments would be effective from August 21, 2011.
Murthy had stepped down as CEO in 2002, handing over office to co-Founder Nandan Nilekani. Nilekani left the company in 2007 to join the Unique Identification Authority of India. Current CEO Gopalakrishnan took over the reins from Nilekani.
A nominations committee was formed by the company comprising Professor Jeffery S Lehman , Deepak M Satwalekar (former MD and CEO of HDFC Standard Life Insurance) and KV Kamath (non-executive Chairman of the Board of Directors of ICICI Bank). The committee is responsible for succession planning for the roles of chairman, CEO, COO and CFO of the company.
Only two of the co-founders - CEO S Gopalakrishnan and COO S D Shibulal - will remain on the company board after Muthy's exit. Co-Founder K Dinesh will also retire from the company, after Infosys' Annual General Meeting on June 11, 2011.
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