Infosys Technologies Appoint K.V. Kamath As The Successor To N.R. Narayana Murthy
IT industry giants Infosys have appointed K.V. Kamath to step in the shoes of their iconic boss and founder N.R. Narayana Murthy once he steps down from his position. The decision, taken this Saturday was a unanimous one and Murthy seemed to be happy and confident about his replacement. The chairman’s post is held by Murthy since he and his colleagues helped to lay the foundation of this information technology giant in India’s technology hub Bangalore. Murthy will retire in August as he turns 65 and this will be like an end of an era that redefined India’s economy dynamics and consolidated its position as a leading service provider in the world. Infosys is considered as the pioneer behind $60 billion Indian export-oriented outsourcing sector. The company was setup with an initial capital of a meager $250 in 1981. Companies all across the globe were attracted to the highly-qualified and fluent English-speaking working class of India that was ready to work at wages that were lower than those in the West. As a result these firms started outsourcing a range of jobs to service providers like Infosys.
#-Link-Snipped-#Kamath, 63, was the chief of India’s biggest private bank ICICI. Kamath has been an independent director of Infosys’ board since 2009. Kamath will take charge at a time when slow recovery in the recession hit Europe and US is causing all types of problems to the firm. Besides this , a few other changes are also going to take place in the top management of Infosys. The current chief operating officer S.D. Shibulal would replace S. Gopalakrishnan as the chief executive since S. Gopalakrishnan is ready to take the position of executive co-chairman. Kamath will maintain his honorary post of non-executive chairman of ICICI bank. Murthy will also be a part of the firm as chairman emeritus. Kamath was pleased after the revelation and said that he was esteemed to take this job. He also said that Murthy is irreplaceable and it is a great responsibility to try and emulate him.
#-Link-Snipped-#Kamath, 63, was the chief of India’s biggest private bank ICICI. Kamath has been an independent director of Infosys’ board since 2009. Kamath will take charge at a time when slow recovery in the recession hit Europe and US is causing all types of problems to the firm. Besides this , a few other changes are also going to take place in the top management of Infosys. The current chief operating officer S.D. Shibulal would replace S. Gopalakrishnan as the chief executive since S. Gopalakrishnan is ready to take the position of executive co-chairman. Kamath will maintain his honorary post of non-executive chairman of ICICI bank. Murthy will also be a part of the firm as chairman emeritus. Kamath was pleased after the revelation and said that he was esteemed to take this job. He also said that Murthy is irreplaceable and it is a great responsibility to try and emulate him.
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