By India Today Business DeskIT major Infosys said in an exchange filing on Thursday that industrialist Kiran Mazumdar-Shaw will retire from its Board upon completion of her tenure.
Biocon chief Kiran Mazumdar-Shaw was appointed to the Infosys Board as an Independent Director in 2014, and as Lead Independent Director in 2018.
She also served as the Chairperson of the Nomination and Remuneration Committee and CSR Committee, and as a member of the Risk Management and ESG Committees of the Board.
“The Board places on record its appreciation for Ms. Shaw’s invaluable contribution, guidance, and strategic vision has helped the Company build and execute a resilient growth strategy,” Infosys said in the exchange filing.
On behalf of the Board, Nandan Nilekani, Chairman, Infosys, said, “We profusely thank Kiran for having been such an integral member of the Infosys family, providing valuable guidance and leadership to the Board over the years.”
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“I am personally very grateful to her as she has been a tremendous ally and amazing colleague on the Board, ever since I re-joined Infosys in August 2017,” Nilekani said.
D Sundaram appointed
The Board has appointed D Sundaram as the Lead Independent Director of the Company, effective March 23, 2023 based on the recommendation of the Nomination and Remuneration Committee.
“We also congratulate Sundaram on being appointed as Lead Independent Director and look forward to his continued insight and steadfast support as Infosys continues its growth and transformation journey,” Nilekani said.
Sundaram has been on the Board of Infosys since 2017. Infosys said his expertise and vast experience in finance and strategy has been a crucial catalyst for the company to realise its vision for the future.
Sundaram serves on the Audit Committee, Risk Management Committee, Stakeholders Relationship Committee, Nomination & Remuneration Committee and Cybersecurity Risk Sub-Committee, added Infosys in the exchange filing.
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