People: Infosys Ltd (INFY.BO)
24 Dec 2014
Mr. Kundapur Vaman Kamath has been appointed as Non-Executive Chairman of the Board of Infosys Ltd. since October 11, 2014. He previously served as Lead Independent Director of Infosys Limited. He is non-executive Chairman of the Board of Directors of ICICI Bank. He has a degree in mechanical engineering and did his management studies at the Indian Institute of Management, Ahmedabad. Kamath started his career in 1971 at ICICI, an Indian financial institution that founded ICICI Bank and merged with it in 2002. In 1988, he moved to the Asian Development Bank and spent several years in South-East Asia before returning to ICICI as its Managing Director and CEO in 1996. Under his leadership, the ICICI Group transformed itself into a diversified, technology-driven financial services group that has leadership positions across banking, insurance and asset management in India, and an international presence. He retired as the Managing Director and CEO in April 2009, and took up his present position as the non-executive Chairman. Kamath joined the Board of Infosys in May 2009 and took over as Chairman of the Board in August 2011. He stepped down from his position as Chairman of the Board in June 2013 and took up the position of Lead Independent Director thereafter. Kamath was conferred with the Padma Bhushan, one of India’s highest civilian honors, in 2008. He has received widespread recognition internationally and in India, including being named “Businessman of the Year” by Forbes Asia and “Business Leader of the Year” by The Economic Times, India, in 2007 and CNBC’s “Asian Business Leader of the Year” in 2001. Kamath was the President of the Confederation of Indian Industry from 2008 to 2009. He is also an independent Director on the Board of Directors of Schlumberger Limited and Chairman of the Society and Board of Governors of the Indian Institute of Management Indore. He has been a co-chair of the World Economic Forum's Annual Meeting in Davos.
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