New Delhi: NR Narayana Murthy on Saturday returned to Infosys with the IT company appointing him as Executive Chairman of the Board. Murthy, who founded Infosys in 1981, had stepped down from the Board and became Chairman Emeritus in 2011. He has served as company's CEO from 1981 to 2002.
KV Kamath, Board Chairman, will step down from his position and take up the position of Lead Independent Director effective from June 1, 2013.
Narayana Murthy will get a five-year tenure at a compensation of Re 1 per year. Apart from Murthy, Infosys' Managing Director and CEO SD Shibulal and S Gopalakrishnan, who would be re-designated Executive Vice Chairman, will also get compensation of just Re 1 per year. Narayana Murthy's son, Rohan Murthy, has been appointed as his Executive Assistant.
"The Board has taken this step keeping in mind the challenges that the technology industry and the company faces and in the interest of all stakeholders, particularly shareholders large and small, who have asked for strengthening...
more
11:06 AM, Jun 01, 2013
Software services major Infosys will get listed on NYSE Euronext London and Paris markets on Wednesday, becoming the first Indian company to be admitted to trade on the leading global bourse. Infosys CEO and Managing Director SD Shibulal will be in London to mark the first cross listing of an Indian company, a company statement said. ...
01:30 PM, Feb 19, 2013
He is principal analyst & CEO of Offshore Insights Research and Solutions. He has been tracking the Indian IT industry and Infosys for 15 years. There was a time when every reference to Infosys was about how well the company was doing. Over the last two-three years, the narrative has changed. All eyes are now on the new CEO SD Shibulal and his new strategy. To answer your question specifically,...
11:00 AM, Dec 20, 2011
Bangalore: Infosys Ltd on Wednesday said it is keen to acquire Thomson Reuters' healthcare business. "We are dating...not yet engaged", Infosys CEO and Managing Director SD Shibulal said at a press conference. "....we need to understand each other. So, we are definitely...we have an intention to get engaged," he added. There have been reports that Infosys is close to acquiring Thomson Reuters' healthcare business for $ 700 to 750 million....
04:40 PM, Oct 12, 2011
Bangalore: The country's second-largest software exporter Infosys is on the lookout for acquisitions in the products and platforms space, a top official on Wednesday said. "We are in multiple conversations both large and small. Acquisition is extremely strategic and we are looking at acquisitions to augment that strategic direction," Infosys CEO and MD SD Shibulal said. In this regard, an acquisition in the product and platform space, investment areas like...
12:11 PM, Oct 12, 2011
Bangalore: A day after the momentous decision on NR Narayana Murthy's successor, the 65-year-old chairman of Infosys Technologies met Forbes India's Mitu Jayashankar in his office in the company's Electronic City campus. Shortly after the interview, Murthy set off to London to attend a global board meeting on May 4, after which he left for Los Angeles to see his granddaughter, who was born at 7 pm on April 27....
12:40 PM, May 16, 2011
Bangalore: If history had had its way, SD Shibulal may have never become the CEO and MD of Infosys. Not too many people know that when Infosys was still struggling, Shibulal took a five-year sabbatical and joined Sun Microsystems. Upon his return in 1996, Narayana Murthy reinstated him at par with the other founders and senior professionals. According to old-timers, it had led to significant bad blood among the founders...
12:31 PM, May 16, 2011
