Tvm: Infosys Limited today announced that, in accordance with the retirement policy (attainment of 65 years of age for Independent Directors appointed to the Board prior to October 15, 2010) for the Company’s Board of Directors, Prof. Marti G Subrahmanyam, Lead Independent Director, will retire from the Board effective August 23, 2011. Prof. Subrahmanyam joined the Infosys Board in April 1998. The Company has decided not to appoint a new Lead Independent Director, since the current Board Chair is Independent.
Thanking Prof. Subrahmanyam for his services and contributions to the Company, K V Kamath, Chairman of the Board said, “Prof. Subrahmanyam has seen Infosys grow from its early days. His contribution as a director over the last 13 years has been significant and the Board could always look up to him for advice on a wide variety of areas and issues. He is extremely well informed on developments across the globe and we will miss him and his wise counsel.”
Prof. Subrahmanyam thanked the Board and said, “As I look back over the past 13 years as a member of the Infosys board, I feel a great sense of satisfaction and privilege to have been associated with this iconic company. During this period, the company’s revenues, profits and employee strength has grown one hundred times, impressive in any part of the world. Under the leadership of N R Narayana Murthy and the rest of the team, the company’s focus on ethical values combined with performance excellence has placed it at the pinnacle of companies in India and around the world. I am confident that Infosys will grow from strength to strength in the future under the able leadership of Vaman Kamath, Kris Gopalakrishnan, S D Shibulal and the rest of the management team. I hope to watch the Infosys team perform and win, although I will no longer be sitting in the front row, but way up in the back benches.”
Prof. Marti G Subrahmanyam is the Charles E Merrill Professor of Finance, Economics and International Business at the Stern School of Business at New York University. He has been a visiting professor at leading global academic institutions, including the University of Melbourne in Australia, LUISS in Italy and Singapore Management University in Singapore. He has won many teaching awards including the New York University’s Distinguished Teaching Medal. He holds a bachelor’s degree from the IIT, Madras, a post-graduate diploma from the IIM, Ahmedabad and a doctorate from the MIT.
Kerala IT News
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