IT services major Infosys today announced that its top decision-making body, the Executive Council, will be dissolved effective April 1, 2014.
Also, the Bangalore-headquartered firm appointed nine Executive Officers, which include Executive Chairman NR Narayana Murthy, CEO and Managing Director S D Shibulal, Vice Chairman S Gopalakrishnan and CFO Rajiv Bansal.
In a regulatory filing to the US Securities and Exchange Commission (SEC), Infosys said: "As reported previously by the Company, Executive Council of the company will be dissolved effective 1 April, 2014. Pursuant to this, effective 1 April, 2014, the company will have nine executive officers."
In January this year, India's second largest software services exporter had announced the move to dissolve its top decision-making body with effect from April 1.
The other Infosys officials who have been appointed as executive officers are Board Member Srinath Batni, newly appointed Presidents Pravin Rao and B G Srinivas, Chief Risk Officer and Company Secretary Parvatheesam K and Group Head (Human Resource Development) Srikantan Moorthy, it added.
The appointment of executive officers has been made in line with SEC regulations.
Infosys shares today rose by 0.96% to settle at Rs 3259.55 apiece on the BSE.
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