SummaryInfosys has got the clarion call from Murthy with a request for Infoscion to think big and act boldly.
Even as Infosys � India's second largest IT services exporter � searches for a new CEO, the business risks of transition will be significantly reduced due to the presence of chairman N R Narayana Murthy, the annual report of the IT major released on Thursday stated.
Infosys executive vice-chairman S Gopalakrishnan said, �The CEO transition is an important move that the board has to act on in the coming year. With Murthy as executive chairman, the risk in the transition is reduced.�
Infosys, which has been undergoing a painful transition process, has got the clarion call from chairman Murthy with a request for every Infoscion to think big and act boldly. �The task ahead is simple to state. It is to increase the competitiveness of Infosys in the market to achieve industry leading growth and margin,� he said in his letter to shareholders on Thursday.
The IT major has already announced the search of a new CEO to succeed SD Shibulal. The annual report said that the nomination and governance committee has begun the search to select the successor to S D Shibulal, CEO & MD, who has expressed his desire to retire either on the date of the last board meeting or before his superannuation.
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