Narayana Murthy and Rohan to step down from Infy posts

BANGALORE, INDIA: The Infosys Board of Directors have announced major changes in the top brass by desolving the office of executive chairman's office. Consequently, executive chairman N R Narayan Murthy will be  stepping down from the post.

However, Murthy will be designated as chairman emeritus with effect from October 11, 2014 in recognition of his contributions to the company.

Who are stepping down:

• N.R. Narayana Murthy and S. Gopalakrishnan will voluntarily step down as executive chairman and executive vice chairman, respectively, on June 14, 2014. In order to facilitate a smooth transition of responsibilities, they will continue on the Board till October 10, 2014 as the non-executive chairman and non-executive vice chairman, respectively
• Dr. Rohan Murty, whose appointment was co-terminus with the executive chairman, will leave the company on June 14, 2014.

• S. D. Shibulal will step down as CEO & MD and from the Board on July 31, 2014

• Srinath Batni, whole-time Director of the company, will step down from the Board on July 31, 2014 K. V. Kamath will become the non-executive chairman of the board on October 11, 2014

• Murthy will be designated as chairman emeritus with effect from October 11, 2014 in recognition of his contributions to the company

The executive chairman's office will be dissolved with effect from June 14, 2014. Dr. Rohan Murty, whose appointment was co-terminus with the executive chairman, will leave the company on June 14, 2014. The remaining members of the chairman's office will take up other responsibilities in the company.

Infosys is a global leader in consulting, technology and outsourcing solutions with annual revenues of US$ 8.25 billion. The comapany has about 160,000 employees with clients in more than 30 countries.