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As it happened: Nandan Nilekani returns to Infosys, first media briefing, investor meet

Nandan Nilekani has been called in to steer Infosys after chairman R Seshasayee and three other directors quit, meeting the key demand of founder group led by NR Narayana Murthy

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FP Staff|Aug 25, 2017, 18:25:14 IST
Infosys co-founders led by N R Narayana Murthy today had their way as they got their peerNandan Nilekani appointed the chairman of the IT major in place of R Seshasayee, who quit under their pressure.[caption id="attachment_3972199" align="alignleft" width="380"]Nandan Nilekani. Nandan Nilekani.[/caption]Nilekani, 62, who was CEO of the company between 2002 and 2007 and is credited as the architect of the world's largest biometric ID card programme Aadhaar, will takeover as Chairman of Infosys with immediate effect, the company said in a statement.Co-chairman Ravi Venkatesan has also resigned, although he would continue as an independent director. Two other independent directors -- Jeffery S Lehman and John Etchemendy -- also quit the Infosys board with immediate effect.The resignations brought about a near-complete overhaul of the 9-member Infosys board, meeting key and persistent demands of the founders led by Murthy.PTI
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First Published:Aug 25, 2017, 18:00:39 IST
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