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.
Mr. Nandan Nilekani has been invited by Hon’ble Prime Minister, Dr. Manmohan Singh to take charge as the Chairperson of the Unique Identification Authority of India (UIDAI), in the rank of Cabinet Minister.
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
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