K.V. Kamath new Infosys chairman

Saturday April 30, 2011 07:49:50 PM, IANS

Banglore: Infosys Technologies Ltd. Saturday appointed K.V. Kamath its new chairman, succeeding N.R. Narayana Murthy.

Kamath will take over as the head of the IT bellwether Aug 21 when incumbent founder chairman Murthy will retire on reaching the age of 65.

The company's board appointed Murthy as the company's chairman emeritus.

The current chief executive, S. Gopalakrishan will be the co-chairman of the company, and current chief operating officer S.D. Shibulal will be the chief executive and managing director, Murthy told reporters here.

Nominations committee chairman Jeffrey S. Lehman said: "This is a great moment for Infosys, these three leaders meld an extraordinary range of talents and experiences with a united commitment to drive the company to unprecedented level of the accomplishment while remaining true to its historic values.

"We could not be in better hands," he added.

Kamath is the non-executive chairman of the board of directors of ICICI Bank, India's second largest bank.

According to the ICICI website, Kamath has a degree in mechanical engineering and did his MBA at the Indian Institute of Management-Ahmedabad. Born Dec 2, 1947, he started his career in 1971 at ICICI. In 1988, he moved to the Asian Development Bank.

In 1996, Kamath returned to ICICI as its managing director and CEO.
 

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