File photo of Kiran Mazumdar-Shaw | Photo credits: K. Murali Kumar
Infosys announced the retirement of Kiran Mazumdar-Shaw as an independent director on the board with effect from March 22, 2023, upon completion of her term.
Based on the recommendation of the Nominations and Remuneration Committee, the board has appointed D. Sundaram, who has been on the Infosys board since 2017, as lead independent director of the company with effect from March 23, 2023.
Kiran Mazumdar-Shaw was appointed to the Infosys board as an independent director in 2014 and as lead independent director in 2018. He also served as the Chairman of Nomination and Remuneration Committee and CSR Committee and as Member, Risk Management. Infosys said in a statement, ESG committees of the board.
“The Board places on record its appreciation for Ms Shaw’s invaluable contribution, guidance and strategic vision, which has helped the company formulate and execute a flexible growth strategy,” it further said.
Mr. Sundaram will serve on the Audit Committee, Risk Management Committee, Stakeholder Relations Committee, Nomination and Remuneration Committee and Cyber Security Risk Sub-Committee.
Infosys Chairman Nandan Nilekani said, “We greatly thank Kiran for being such an integral member of the Infosys family, providing valuable guidance and leadership to the Board over the years.”
Infosys was looking forward to Mr. Sundaram’s continued support as it moves through its transformation journey, Nilekani said.