SUBSCRIBE TO TMCnet
TMCnet - World's Largest Communications and Technology Community

TMCNet:  Infosys board member V Balakrishnan resigns [Software & Services] [Times of India]

[December 21, 2013]

Infosys board member V Balakrishnan resigns [Software & Services] [Times of India]

(Times of India Via Acquire Media NewsEdge) BANGALORE: Infosys Board member V Balakrishnan has resigned from the company. The resignation is effective December 31.

Balakrishnan was widely seen as a leading contender to the CEO position when incumbent SD Shibulal's tenure ends in 2015. The resignation appears to leave only Board member BG Srinivas among internal candidates to succeed Shibulal. The company is also said to be seriously considering bringing in an external candidate to the post in order to bring some fresh insights into a company that has been struggling for growth in comparison to peers like TCS, Cognizant and HCL, Balakrishnan, who was for many years the CFO of the company, is now the head of the India and BPO businesses. A few months back, Balakrishnan was given the additional responsibility of chairman of the Switzerland-based consultancy firm Lodestone that the Bangalore-based IT company acquired last year in a $350 million deal.


More recently, he was given the additional responsibility of managing utilities and resources for the North American region.

In a statement from the company, Balakrishnan said, "I have enjoyed every moment of my stint at Infosys and it was a great learning experience. While my heart will always be with Infosys my mind wants to do something beyond Infosys. I thank all my colleagues who supported and encouraged me during my career at Infosys. I wish Infosys all the very best in its future endeavors." NR Narayana Murthy, executive chairman said, "Bala has been an early adopter and a keen anchor-builder of Infosys. It is difficult to imagine Infosys without Bala's passion, commitment, and intellect. The Board and every Infoscion thank Bala for his wonderful contribution and wish him great success in his future endeavors." SD Shibulal, CEO of the company said, "Bala during his two decades of association with Infosys, has played a pivotal role in building the finance function and has been a key driver behind all of our achievements in areas of investor relations and corporate governance. Over the last few years, he has also provided leadership to BPO, Finacle, India Business Unit, Global Immigration and most recently, to Lodestone. I would like to wish him the very best in all his future endeavors." UB Pravin Rao has been inducted as a whole-time director of the company. Rao is currently a member of the executive council, senior VP and global head, retail, consumer packaged goods, logistics and life sciences. The nominations and governance committee of the company recommended the induction of Biocon CMDKiran Mazumdar-Shaw as an independent member of the Board.

(c) 2013 Bennett, Coleman & Company Limited

[ Back To Technology News's Homepage ]

OTHER NEWS PROVIDERS







Technology Marketing Corporation

800 Connecticut Ave, 1st Floor East, Norwalk, CT 06854 USA
Ph: 800-243-6002, 203-852-6800
Fx: 203-866-3326

General comments: tmc@tmcnet.com.
Comments about this site: webmaster@tmcnet.com.

STAY CURRENT YOUR WAY

© 2014 Technology Marketing Corporation. All rights reserved.