Infosys appoints Chitra Nayak as an Independent Director

Infosys (NYSE: INFY), a global leader in next-generation digital services and consulting, has announced the appointment of Chitra Nayak as an Independent Director of the Company, effective March 25, 2021. This appointment is based on recommendation of the Nomination and Remuneration Committee of the Infosys Board, and is for a period of three years, subject to the approval of shareholders.

Chitra Nayak has over 25 years of professional experience in go-to-market, general management, and operations leadership roles at various organisations. She currently serves as a Member of the Board at Invitae, a medical genetics company; at Morneau Shepell, a techenabled HR services company; at Forward Air, a freight and logistics company; and at Intercom, a messaging platform company. She also advises startups on go-tomarket strategies. Most recently, she was the Chief Operating Officer (COO), overseeing the go-to-market strategy at Comfy, a real-estate tech startup, and prior to that, she was COO at Funding Circle, an online SMB lending marketplace. Chitra has been in leadership roles at Salesforce for eight years, as COO, Platform, and Senior VP, Global Sales Development. She was earlier part of AAA, Charles Schwab, and the Boston Consulting Group as well.

Chitra has a passion for empowering women in the workplace. She is the Co-Founder of Neythri.org, which supports South Asian professional women. She was also the Co-Founder of the Salesforce Women's Network initiative. She has co-created and taught an MBA class on 'Women in Leadership' at California State University, East Bay.

Chitra holds an MBA with Honors from Harvard Business School, an MS in Environmental Engineering from Cornell University, and a B.Tech. in Engineering from the Indian Institute of Technology.

Welcoming Chitra Nayak to the Board, Kiran Mazumdar-Shaw, Lead Independent Director and Chairperson of the Nomination and Remuneration Committee, Infosys said, "Chitra Nayak brings Silicon Valley experience and expertise, that will provide valuable insights as Infosys pivots its service offerings in consulting and digital solutions to help businesses in their strategic intent of digital transformation. She also brings in a deep understanding of ESG through her thought leadership and engagement with several forums that are focused on diversity, inclusion, and climate change."

Shares of INFOSYS LTD. was last trading in BSE at Rs.1353.8 as compared to the previous close of Rs. 1371.2. The total number of shares traded during the day was 116760 in over 5078 trades.

The stock hit an intraday high of Rs. 1370.4 and intraday low of 1346.6. The net turnover during the day was Rs. 158448973.

Source : Equity Bulls

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