Murthy to be additional director

BANGALORE — Infosys co-founder N.R. Narayana Murthy will become an additional director of the company from August 21 and continue to serve as non-executive chairman and chief mentor of the IT bellwether.

By (IANS)

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Published: Thu 13 Jul 2006, 12:04 PM

Last updated: Sat 4 Apr 2015, 3:09 PM

Murthy retires as chairman August 20 on turning 60 years.

According to the company's notification to the stock exchanges yesterday, the board of directors has resolved to appoint Murthy as additional director and non-executive chairman of the board with effect from August 21.

The board, however, did not name Murthy's successor as the company's new chairman. Consequently, the company's current chief executive officer (CEO), president and managing director Nandan M. Nilekani has been re-designated as CEO and managing director with effect from August 21.

The board, which met here to approve the financial results for the first quarter (April-June) of the current fiscal (2006-07), has promoted current chief operating officer (COO) and deputy managing director S. Gopalakrishnan. He has been re-designated as the company's new president, COO and joint managing director with effect from August 21.



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