logo
Share SHARE
FONT-SIZE Plus   Neg

Infosys Commences Search For Shibulal's Successor

Infosys Ltd said the Nomination Committee of the company's board had commenced the search to select the successor to S.D. Shibulal, Chief Executive Officer and Managing Director.

Shibulal, one of the seven Infosys founders, has expressed his desire to retire as the CEO and MD and as a member of the board either on the date of the last board meeting before his superannuation - January 9, 2015 - or when his successor is ready to assume office, whichever is earlier.

The Nomination Committee will shortlist and evaluate an internal slate of candidates with the assistance of Development Dimensions International (DDI), a company specializing in corporate executive evaluations. The board has appointed Egon Zehnder to assist the Nominations Committee in identifying an external slate of candidates.

At the BSE, Infosys shares are currently trading at Rs.3,168.05, down 1.20 percent from the previous close.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

More Breaking News

0 Articles
Editors Pick
10 Worst Places To Raise A Family Whether you are a young couple building a nest or seasoned parents looking for a change of scenery, there are number of places around the country that should be avoided, according to personal finance website WalletHub. They looked at mainly five categories for... A passenger has filed a lawsuit against Canadian budget airline Sunwing Airlines for serving him cheap sparkling wine instead of champagne on board a flight, according to media reports. The Canadian passenger, Daniel MacDuff, reportedly boarded his Sunwing flight to Cuba in February, on a flight package that advertised a complimentary on-board champagne toast. Senate Health Committee Chairman Lamar Alexander, R-Tenn., and ranking member Patty Murray, D-Wash., announced Thursday that twenty-two other Senators are cosponsoring their bipartisan plan to provide short-term stability to Obamacare. The bipartisan bill includes a two-year extension of the cost-sharing...
comments powered by Disqus
Follow RTT