Bengaluru: Infosys on Thursday announced the retirement of Kiran Mazumdar-Shaw as Independent Director of the Board, effective March 22, 2023, upon completion of her tenure. Following the recommendation of the Nomination and Remuneration Committee, D. Sundaram has been appointed as the Lead Independent Director, effective March 23, 2023.
Mr. Sundaram, who has been a member of the Infosys Board since 2017, has extensive experience in finance and strategy and has played a crucial role in realizing the company’s vision for the future. He serves on several committees, including the Audit Committee, Risk Management Committee, Stakeholders Relationship Committee, Nomination & Remuneration Committee, and Cybersecurity Risk Sub-Committee.
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. 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. 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.”