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Sunday, May 1, 2011

New Chairman for Infosys...........

Infosys Technologies, India's second largest software company,  named veteran banker and seasoned business transformation manger K V Kamath as its new chairman. Kamath, 63, who is currently a member of Infosys' board of directors, will succeed the company's founder N R Narayana Murthy .

The nominations committee of the company, which is facing one of the toughest times in its three-decades of existence, also named current chief operating officer S D Shibulal as CEO and MD, while the incumbent CEO, S Gopalakrishnan, was elevated to the post of executive co-chairman. Murthy, who turns 65 in August, will become the chairman emeritus, a non-executive position like Kamath's.