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Rediff.com  » Business » It's just not Shibu, by 2015 Infy to have a new board of directors

It's just not Shibu, by 2015 Infy to have a new board of directors

February 27, 2014 08:45 IST

It's just not Shibu, by 2015 Infy to have a new board of directors

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Itika Sharma & Shivani Shinde in Bangalore/Pune

For the first time since its inception over thirty years ago, these exits will lead the company to have a non-founder CEO.


For Bangalore-based Infosys the year 2015 will be an action packed one. The company will not only get a new chief executive officer but will also have a revamped board of directors.

For the first time since its inception over thirty years ago, these exits will lead the company to have a non-founder CEO and a board that have none of its founder member. N R Narayana Murthy, executive chairman, Infosys, said on Wednesday that other than S D Shibulal, CEO Infosys, the company will see some more exists.

"Shibulal retires in March 2015 and we will ensure that there is a suitable person to replace him. We have had changes in internal board of directors. You will see some more changes till then. Kris Gopalakrishnan will leave in April 2015. Srinath Batni will also leave by November 2014 and Omkar Goswami by December 2015," said Murthy while addressing the investor meet organised by Deutsche Bank.

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Image: S D Shibulal, CEO of Infosys, attends the company's quarterly earnings at their headquarters in Bangalore.
Photographs: Reuters
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Srinath Batni, is member of the board and Head of Delivery Excellence. In January, the company had said that Chandrasekhar Kakal, a senior vice-president who was earlier heading global delivery, would assist Batni.

“Eventually, these portfolios would be transitioned to Kakal when Srinath (Batni) retires from the company this year,” said Shibulal after the Q3 results.

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Image: Employees talk as they stand next to flex board poster of Infosys founder Narayana Murthy.
Photographs: Reuters

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The company will also see changes in independent directors. Omkar Goswami will step down in December 2015. Earlier this year David Boyle announced his exit as independent director of the company. Murthy yet again reiterated that that the company has no dearth of leaders.

When asked what efforts are being made to see that the management is not impacted after he exits, he said: "We are focusing on Infosys Leadership Institute. We have identified several people for each senior position so that the organisation is completely insulated from any possible exit. We are spending more on training. We have taken all possible steps that will mitigate the risk from the exit of any critical position."



Image: An employee walks out of an iconic pyramid-shaped building made out of glass in the Infosys campus at Electronics City in Bangalore.
Photographs: Vivek Prakash/Reuters

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