To Relinquish the Position of Co-Chairman and Member of the Board at Infosys.

Infosys Technologies Limited (NASDAQ: INFY) today announced that Mr. Nandan M. Nilekani, will relinquish the position of Co-Chairman and Member of the Board at Infosys. 

Click here for Cloud Computing

Also Read   Related Stories News Now - Ozonegroup launches 'The Metrozone' - IRB bags 4th BOT project on Amravati-Talegaon stretch of NH-6 - Caffe Pascucci, a leading Italian coffee brand, announces its foray into India - TATA DOCOMO launches GSM Service in Kerala - Airconditioning Industry asks for maintaining CENVAT at 8% - Collapse Cess and Surcharge into Single Corporate Tax: CII

Also Read   Related Stories News Now - Wall Street opens flat as data offsets Moody's warning - Thomas Cook India Q4 net jumps three times - Govt plans to make 30% sourcing from MSEs mandatory - Explain ways to cover govt loss on 3G roaming: TDSAT to telcos - Magma Fincorp plans to start gold finance biz in H1 of FY13 More

The Board of Directors today accepted Nandan’s resignation. The resignation will be effective from July 9, 2009. The Board placed on record its deep sense of appreciation for the services rendered by Mr. Nandan Nilekani as a co-founder, Chief Operating Officer, Chief Executive Officer and Managing Director, and as the Co-Chairman of the Board of Directors.

Mr. Nandan Nilekani is a co-founder of Infosys and has served as a director on the company’s board since its inception in 1981. Between March 2002 and June 2007, he served as the company’s Chief Executive Officer and Managing Director. Thereafter, he was re-designated as the Co-Chairman of the Board of Directors. 

Speaking on the occasion, Mr. N. R. Narayana Murthy, Chairman and Chief Mentor, said, “We are glad that an extraordinary individual like Nandan has got an opportunity to add value to India through this position. As a company that has always put the interest of the society ahead of itself, Infosys will accept his absence with a sense of duty to a larger cause, but with deep sadness at the departure of one of her most illustrious sons. We, the Infoscions, wish him the best in his new assignment”.

About Infosys Technologies Limited
Infosys (NASDAQ: INFY) defines, designs and delivers IT-enabled business solutions that help Global 2000 companies win in a Flat World. These solutions focus on providing strategic differentiation and operational superiority to clients. With Infosys, clients are assured of a transparent business partner, world-class processes, speed of execution and the power to stretch their IT budget by leveraging the Global Delivery Model that Infosys pioneered. Infosys has over 104,000 employees in over 50 offices worldwide. Infosys is part of the NASDAQ-100 Index and The Global Dow. For more information, visit www.infosys.com

Infosys Safe Harbor
Statements in connection with this release may include forward-looking statements within the meaning of US Securities laws intended to qualify for the "safe harbor" under the Private Securities Litigation Reform Act. These forward-looking statements are subject to risks and uncertainties including those described in our SEC filings available at www.sec.gov including our Annual Report on Form 20-F for the year ended March 31, 2009, and our other recent filings, and actual results may differ materially from those projected by forward-looking statements. We may make additional written and oral forward-looking statements but do not undertake, and disclaim any obligation, to update them.

New Ipad Application :Business Standard's all new IPad App Click here to download for free Other Stories      - Wall Street opens flat as data offsets Moody's warning - Thomas Cook India Q4 net jumps three times - Govt plans to make 30% sourcing from MSEs mandatory - Explain ways to cover govt loss on 3G roaming: TDSAT to telcos - Magma Fincorp plans to start gold finance biz in H1 of FY13

Read Business news in  Advertisements