Narayan Murthy

This is very important day for us, in some sense a historic day and for the last year and 4 months, the Nominations Committee headed by Professor Jeff Sean Lehman and of course with Mr. Deepak Satwalekar and Mr. KV Kamath as members has been working on finding a new Chairman since I will be completing 65 years on August 20th, 2011 and therefore, there is a need to find a new Chairman and there were lots of discussions both at support level as well as the Nominations Committee level and the unanimous opinion of the Nominations Committee in their recommendation to the board was that we need to strengthen both aspects that is one, our customer, employee and investor connect and second, our adherence to work loss board governance.

Therefore in keeping with these twin objectives, the Nominations Committee recommended in the board today at its meeting at 5:15 pm, has appointed Mr. KV Kamath as the Chairman of the company effective August 21, 2011 and he will be in-charge of board governance and at the same time, they realise the importance of having a visionary and strategic person like Mr. Kri S Gopalakrishnan continue and add tremendous value to the company in the area of customer, employee and investor connect as well as being an elder brotherly figure for all Infosians and therefore, the board on the recommendations of the Nominations Committee has decided to appoint Mr. Kris Gopalakrishnan as the Executive Co-Chairman of the company and Mr. Kris Gopalakrishnan will work on enhancing customer, employee and investor connect and will work with Mr. KV Kamath in ensuring that this company moves forward in the strategic direction that it has been set.