Infosys to have a new board by '15

For the first time since its inception over thirty years ago, these exits will lead the company to have a non-founder CEO

For Bangalore-based information technology major Infosys, 2015 will be an action-packed year. The company will not only get a new chief executive officer (CEO) but also have a revamped board of directors.

These exits will lead the company to have a non-founder CEO and a board that has none of its founder members, for the first time since inception.

N R N Murthy, executive chairman, on Wednesday said the company would see some more exists in addition to that of current CEO Shibulal. “Shibulal retires in March 2015. We will ensure that there is a suitable person to replace him. We have had changes in the internal board of directors. You will see some more changes till then. Kris Gopalakrishnan will leave in April 2015, Srinath Batni by November 2014 and Omkar Goswami by December 2015,” said Murthy at an investor meet organised by Deutsche Bank.

Batni is a member of the board and head of Delivery Excellence. In January, the company had said Chandrasekhar Kakal, a senior vice-president who was earlier heading global delivery, would assist Batni. “Eventually, these portfolios will be transitioned to Kakal when Batni retires,” said Shibulal after the third quarter results.

There will also be changes in independent directors. Omkar Goswami will step down in December 2015. Earlier this year, David Boyle had announced his exit as an independent director.
GONE INFY GONE

RECENT EXITS

Ashok Vemuri
August 2013

Deepak M Satwalekar*
November 2013

V Balakrishnan
December 2013

David Boyle*
January 2014

RECENT ADDITIONS

B G Srinivas
January 2014

U B Pravin Rao
January 2014

Kiran Mazumdar-Shaw*
January 2014

SCHEDULED EXITS

Srinath Batni
November 2014 (Likely to be replaced by Chandrasekhar Kakal)

S D Shibulal
March 2015

S Gopalakrishnan
April 2015

Omkar Goswami*
December 2015

* Independent members