Infosys Board member Ann Fudge says no to re-appointment

Country's second largest software services firm Infosys today said its independent director Ann Fudge will not seek re-appointment to the Board after her term expires in June this year.
"Ann Fudge, Independent Director, who is scheduled to complete her term on the Infosys Board on June 14, 2014, has conveyed her intention not to seek re-appointment owing to her busy schedule," Infosys said in a statement.
Currently, Infosys Board has seven Independent Directors and six Executive Directors.
"Due to increasing time commitments on other Boards, I have decided not to seek re-appointment on the Infosys Board. With the addition of new Board Members and a solid succession plan in place, I know the company is well-positioned for success," Fudge said.

She had joined the Infosys Board in 2011.
Recently, the company had announced the appointment of Carol M Browner, Distinguished Senior Fellow at the Center for American Progress and Counselor to the Albright Stonebridge Group, as an Additional Director on the company Board.

Her appointment shall be effective on the date Ms Browner receives her Director Identification Number from the Ministry of Corporate Affairs, the company said.
"I thank Ann for her seminal contribution to Infosys. The Board will miss Ann's wisdom, insight and analysis. We wish her all the best for the future," Infoys Executive Chairman NR Narayana Murthy said.

The Bangalore-based firm has witnessed a number of senior level exits over the last two years with Senior Vice President and General Counsel Nithyanandan Radhakrishnan being the latest to resign earlier this month.
Others in the list include Board members V Balakrishnan and Ashok Vemuri, and executive council member Chandrashekar Kakal.
Fudge was the chaiperson and CEO of Young & Rubicam Brands, a global network of pre-eminent companies across the full range of marketing communications.
Previously, she has also served as the President of the Beverages, Desserts and Post Division - a US$ 5 billion unit of Kraft Foods.
She has also served on Boards of General Electric, Novartis and Unilever.