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Kiran Mazumdar-Shaw to retire from Infosys Board, D. Sundaram appointed Lead Independent Director

Posted On : 2023-03-23 14:07:53( TIMEZONE : IST )

Kiran Mazumdar-Shaw to retire from Infosys Board, D. Sundaram appointed Lead Independent Director

Infosys (NSE, BSE, NYSE: INFY), a global leader in next-generation digital services and consulting, today announced the retirement of Kiran Mazumdar-Shaw as Independent Director of the Board, effective March 22, 2023, upon completion of her tenure.

The Board has appointed D. Sundaram as the Lead Independent Director of Company, effective March 23, 2023 based on the recommendation of Nomination and Remuneration Committee.

Kiran Mazumdar-Shaw was appointed to the Infosys Board as an Independent Director in 2014, and as Lead Independent Director in 2018. She also served as the Chairperson of the Nomination & Remuneration Committee and CSR Committee, and as a member of the Risk Management and ESG Committees of the Board.

The Board places on record its appreciation for Ms. Shaw's invaluable contribution, guidance, and strategic vision, that has helped the Company build and execute a resilient growth strategy.

Mr. Sundaram has been on the Board of Infosys since 2017. With his expertise and vast experience in finance and strategy, he has been a crucial catalyst for the Company to realize its vision for the future. Mr. Sundaram serves on the Audit Committee, Risk Management Committee, Stakeholders Relationship Committee, Nomination & Remuneration Committee and Cybersecurity Risk Sub-Committee.

On behalf of the Board, Nandan Nilekani, Chairman, Infosys, said, "We profusely thank Kiran for having been such an integral member of the Infosys family, providing valuable guidance and leadership to the Board over the years. I am personally very grateful to her as she has been a tremendous ally and amazing colleague on the Board, ever since I re-joined Infosys in August 2017. We also congratulate Sundaram on being appointed as Lead Independent Director and look forward to his continued insight and steadfast support as Infosys continues its growth and transformation journey."

Shares of Infosys Limited was last trading in BSE at Rs. 1389.45 as compared to the previous close of Rs. 1391.05. The total number of shares traded during the day was 245458 in over 21757 trades.

The stock hit an intraday high of Rs. 1406.65 and intraday low of 1382.20. The net turnover during the day was Rs. 341307567.00.

Source : Equity Bulls


Infosys INE009A01021 INFY Retirement Appointment BoardofDirectors