Breaking News
FONT-SIZE Plus   Neg
Share SHARE

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.

Click here to receive FREE breaking news email alerts for Infosys Ltd and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Hundreds of protesters stormed Burkina Faso's parliament on Thursday and set fire to the building, preventing the lawmakers from considering a bill to extend the president's 27-year rule. Security forces opened fire on protesters, as they looted computers and televisions in the National Assembly, news agencies reported. The angry crowd then marched towards the President's office, before they were U.S. economic activity increased by more than expected in the third quarter of 2014, according to a report released by the Commerce Department on Thursday. The Commerce Department said GDP increased by 3.5 percent in the third quarter compared to 3.0 percent growth expected by economists. Germany's EU measure of inflation unexpectedly slowed in October after holding steady in the previous two months, preliminary estimates from Destatis showed Thursday. The harmonized index of consumer prices rose 0.7 percent annually following 0.8 percent increase in each of the previous three months....
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.