Infosys starts search for Shibulal's successor

Says Shibulal wants to retire by Jan 2015

India's second largest information technology (IT) services company, Infosys today said it has started the search for a new chief executive officer and managing director, as incumbent S D Shibulal has expressed his desire to retire from the company ahead of the scheduled March 2015.

"Shibulal has expressed his desire to retire as the CEO and MD of the company and as a member of the Board of Directors 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 date is earlier," Infosys said.

The Nominations Committee of the company will shortlist and evaluate internal candidates with the assistance of Development Dimensions International (DDI), a company specialising in corporate executive evaluations, Infosys said.

The Bangalore-based company has also appointed executive search firm Egon Zehnder to assist the nominations committee in identifying external candidates.