Infosys Ltd. announced on Saturday that its board has appointed founder N.R. Narayana Murthy as Chairman. The decision, taken at a meeting of the board is with immediate effect. The company’s annual general meeting (AGM), scheduled for June 15 is expected to ratify the decision.
Narayana Murthy will get a 5-year tenure at a compensation of Re 1 per year.
Narayana Murthy's son, Rohan Murthy, has been appointed as his Executive Assistant.
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.
KV Kamath, Board Chairman, will step down from his position and take up the position of Lead Independent Director effective from June 1, 2013
Amul's Comments on Narayanamoorthy's return as executive chairman of Infosys
Note
NR Narayana 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
No comments:
Post a Comment