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Infosys' Board of Directors On Thursday unanimously approved the appointment of its co-founder and former CEO Nandan Nilekani as the Non-Executive Chairman of the Board, effective immediately.
The new Chairman, on his appointment, said, "Happy to return to Infosys, now in the role of non-executive chairman. Look forward to working with my colleagues on the Board... Thank Vishal Sikka for his service as the CEO of Infosys over the last three years and wish him well in his future endeavors."
The outgoing Chirman Seshasayee, welcoming the new Executive Chairman said, "Nandan is the ideal leader for Infosys at this stage in the Company's development. His appointment will allow Infosys to focus on the strategic changes it needs to make in order to capitalize on the attractive opportunities in the years ahead."
Earlier, the CEO and MD of Infosys, Vishal Sikka resigned from his position in the company, citing the negative remarks on him as the reason and was made vice-president until the new CEO and MD takes over his position by March 31, 2018.