Infosys board to finalise succession plan on Apr 30

Infosys board to finalise succession plan on Apr 30

"The Board of Directors will meet on April 30, 2011 to finalise plans for the company's leadership succession, post NR Narayana Murthy's retirement as Chairman of the Board in August 2011," the filing added.

Earlier, reports had suggested that Infosys COO SD Shibulal was likely to take over as the CEO as the current Chief Kris Gopalakrishnan was likely to become the Chairman after Murthy's retirement. There were also speculations about Pai becoming the COO.

"Mohan has been an early adopter and a keen anchor builder of Infosys. It is difficult to imagine Infosys without Mohan's passion, commitment, joie-de-vivre and intellect," Infosys Chairman and Chief Mentor N R Narayana Murthy said.

Infosys has also formed a nominations committee, comprising Professor Jeffery S Lehman, Deepak M Satwalekar (former MD and CEO of HDFC Standard Life Insurance) and KV Kamath (non-executive Chairman of the Board of Directors of ICICI Bank). The committee is responsible for succession planning for the roles of chairman, CEO, COO and CFO of the company.

Without divulging Pai's future plans, the company said, "He has much bigger projects in the horizon -- nation building".