Thirty years after he and his six friends got together to make the now iconic Infosys, Narayana Murthy is set to retire in August 2011, giving way to yet another veteran KV Kamath.
Thirty years after he and his six friends got together to make the now iconic Infosys, Narayana Murthy is set to retire in August 2011, giving way to yet another veteran KV Kamath. The company on Saturday announced the appointment of the core team that would take over the reigns from Murthy on August 21, 2011.
Calling the new structure 'a dream team', the outgoing chairman Murthy told CNBC-TV18 in an exclusive interview, "I never considered to continue being on the board till the age of 70. Infy has done the right thing in selecting such a great team."
While Kamath will be the new chief of the company till August 20, 2014, Kris Gopalakrishnan, the current CEO of Infosys, will take over as the executive co-chairman. SD Shibulal, the current chief operating officer, has taken over as the chief executive officer and managing director of Infosys.
Kamath, who has steered ICICI Bank to new heights over the past few years, Murthy, who will be chairman Emeritus said, wasnGet access to India's fastest growing financial subscriptions service Moneycontrol Pro for as little as Rs 599 for first year. Use the code "GETPRO". Moneycontrol Pro offers you all the information you need for wealth creation including actionable investment ideas, independent research and insights & analysis For more information, check out the Moneycontrol website or mobile app.