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Infosys Announces New Leadership Succession Plan

Infosys had a Meeting today to announces its Leadership succession plan and has done the same .They have done the following changes to the board.

Mr. N. R. Narayana Murthy appointed Chairman Emeritus.
Mr. K. V. Kamath named as the Chairman of the Board.
Mr. S. Gopalakrishnan named as the Co-Chairman of the Board.
Mr. S. D. Shibulal named as the Chief Executive Officer and 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.”

Image Source: Deccan