Kiran Mazumdar-Shaw to retire from Infosys Board

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Kiran Mazumdar-Shaw to retire from Infosys Board

Indian IT giant Infosys announced that the Indian billionaire entrepreneur Kiran Mazumdar-Shaw will be retiring from the Infosys Board. Mazumdar-Shaw was an independent director at the IT company.

After the announcement, Nandan Nilekani, Chairman of Infosys, said We profusely thank Kiran for having been an integral member of the Infosys family, providing valuable guidance and leadership to the Board over the years. I am very grateful to her as she has been a tremendous ally and amazing colleague on the Board, ever since I joined Infosys in August 2017. In 2014, Mazumdar-Shaw, the founder of Biopharmaceutical company Biocon, was appointed Independent Director of the Infosys Board. She then moved on to be the Lead Independent Director at the IT company in 2018.

She served as Chairperson of the Nomination and Remuneration Committee and the CSR Committee. She was also a member of the Risk Management and ESG Committees of the Board.

The company has also announced that D. Sundaram, the former Vice Chairman of HUL, will be appointed as Lead Independent Director. They said the Board has appointed D. Sundaram as the Lead Independent Director of Company, effective March 23, 2023, based on the recommendation of the Nomination and Remuneration Committee. Nilekani congratulated 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. Sundaram has been a member of the Infosys Board since 2017. He also serves on the Audit Committee, Risk Management Committee, Stakeholders Relationship Committee, Nomination and Remuneration Committee and Cybersecurity Risk Sub-Committee, as per a release by Infosys.