In a major top-level management restructuring, Infosys named veteran banker KV Kamath as the new chairman. He will succeed founder NR Narayana Murthy, who retires in August this year.
Reacting to the management restructure, principal analyst and CEO of Offshore Insights Sudin Apte says he finds the appointment of a non-IT leader at Infosys a welcome change for the industry. (Exclusive management take: A confident Murthy says he leaves Infosys in capable hands) "Kamath brings in experience of not just banking, but as a banker has huge exposure to a range of verticals," he told CNBC-TV18. (Industry view: Kamath to bring fresh perspective for Infy: Chanda Kochhar) India's second largest software firm has also appointed current CEO S Gopalakrishnan as the executive co-chairman and promoted COO SD Shibulal as CEO and MD of the company. Present chairman Murthy turns 65 in August and would the become chairman Emeritus. Below is a verbatim transcript of Sudin ApteDiscover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
