Infosys Limited has appointed R. Seshasayee as Non-Executive Chairman of the Board. He was unanimously approved by company’s board in a meeting held earlier today after K V Kamath stepped down from his position as Chairman of the Board and as an Independent Director of the Company.
Seshasayee has been associated with company’s board as an Independent Director since 2011 and is the chairperson of the Audit Committee. Other board positions that Seshasayee is handling include Non-Executive Vice Chairman of Ashok Leyland Ltd. and Chairman of IndusInd Bank Ltd.
Commenting on the appointment, Seshasayee said, “Infosys is an iconic company and I am thankful to Mr. Kamath and the Board for entrusting me with this privilege. In order to devote requisite time and attention to this responsibility, it is my intention to substantially disengage from my other current responsibilities in due course. I look forward to working even more closely with the Infosys Board and management team as we navigate this period of transformation for the company.”
Outgoing Chairman K V Kamath said, “I am proud to have served as a member of the Infosys Board and as its Chairman. The Board has made the most appropriate choice in nominating Mr. Seshasayee as my successor, given his vast and varied experience in leading large public companies, and his strong contribution to Infosys, during the last four years of his association. Infosys will benefit greatly from his sagacity.”