ANI
23 Mar 2023, 18:03 GMT+10
New Delhi [India], March 23 (ANI): Infosys on Thursday announced the retirement of Kiran Mazumdar-Shaw as Independent Director from its Board, effective March 22, 2023, upon completion of her tenure.
Accordingly, the Board has appointed D Sundaram as the Lead Independent Director of the Company, effective Thursday based on the recommendation of the 'Nomination and Remuneration Committee'.
Sundaram has been on the Board of Infosys since 2017. Sundaram serves on the Audit Committee, Risk Management Committee, Stakeholders Relationship Committee, Nomination and Remuneration Committee, and Cybersecurity Risk Sub-Committee.
"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," chairman of Infosys Nandan Nilekani, said.
"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," Nilekani added.
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 'NominationRemuneration 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," Infosys said in a release.
Kiran Mazumdar-Shaw is the Chairperson and Managing Director of Biocon Limited, a biotechnology company based in Bangalore, India. (ANI)
Get a daily dose of International Technology news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to International Technology.
More InformationNEW YORK CITY, New York: Before the start of its annual Worldwide Developers Conference this week, Apple shares hit a ...
MENLO PARK, California: Facebook parent Meta has said that under a trial that could last through the end of June, ...
DUBLIN, Ireland: To retain thousands of high-tech jobs in future years, Ireland must become a "global hub" for artificial intelligence, ...
© Provided by Xinhua Official data showed the rapid development of the import and export of goods at the Hainan ...
NewsVoirMumbai (Maharashtra) [India], June 9: SBM Bank India today unlocked exclusive, on-invitation access to the world of luxury with the ...
GLOBAL PR CONNECT (GPRC)New Delhi [India], June 9: Bird ExecuJet Airport Services Private Limited was named the sole General Aviation ...
NEW YORK CITY, New York: Before the start of its annual Worldwide Developers Conference this week, Apple shares hit a ...
MENLO PARK, California: Facebook parent Meta has said that under a trial that could last through the end of June, ...
DUBLIN, Ireland: To retain thousands of high-tech jobs in future years, Ireland must become a "global hub" for artificial intelligence, ...
Mumbai (Maharashtra) [India], June 10 (ANI): The BJP's Maharashtra president Chandrashekhar Bawankule on Saturday said a certain narrative about Sharad ...
New Delhi [India], June 10 (ANI): From June 16, cricket enthusiasts across the world will have their eyes riveted on ...
© Provided by Xinhua The Hungarian FM attributed the success of the flourishing Hungarian-Chinese relations to the Eastern Opening Policy ...