Infosys headhunting for a CEO

April 11, 2014 19:16

Infosys chief executive officer S D Shibhulal will step down from the company by January 9 next year, sending Indias second-biggest software exporter on a hunt for his successor.

Shibulal, one of the seven Infosys founders, wants to retire as CEO of the company on or before January 9, 2015, or when his successor is ready to assume office, whichever is earlier, a company statement said.

Infosys said it has started search for his successor and has hired Egon Zehnder, an executive search firm, to assist the nominations committee of the board of directors in identifying external candidates.

This would be the first time Infosys is likely to have a CEO who isn't a founder of the company.

Shibulal "has expressed his desire to retire as the CEO and Managing Director of the company and as a member of the board," the statement said. Infosys will also look for internal candidates to fill the position, it said.

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