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Infosys Ltd to appoint Vishal Sikka as chief executive officer and managing director; announces other senior management changes

Wednesday, 11 Jun 2014 11:07pm EDT 

Infosys Ltd:Announces selection of Vishal Sikka as chief executive officer and managing director (CEO & MD) of the company.Sikka will be inducted as a whole-time director of board and CEO & MD (designate) on June 14.Sikka will take over as CEO & MD from S.D. Shibulal on Aug. 1.Says board has also elevated U.B. Pravin Rao, president and whole-time director, as chief operating officer, with effect from June 14.Says N.R. Narayana Murthy and S. Gopalakrishnan will voluntarily step down as executive chairman and executive vice chairman, respectively, on June 14.In order to facilitate smooth transition of responsibilities, they will continue on board till Oct. 10 as non-executive chairman and non-executive vice chairman, respectively.Says K.V. Kamath will become non-executive chairman of board on Oct. 11.Says Narayana Murthy will designated as chairman emeritus with effect from Oct. 11, in recognition of his contributions to the company.S.D. Shibulal will step down as CEO & MD and from the board on June 31. 

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-42.1 -3.66%
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