After the Tatas, software maker Infosys, too, is looking for a successor to Chairman and Chief Mentor N.R. Narayana Murthy. Murthy will retire in August 2011, when he turns 65.
The IT major has already begun the hunt for the next leader.
“We have a nominations committee. Jeffrey Lehman is the chairman. He and his committee will come up with a successor in time so that I can retire on August 20, 2011,” Murthy said.
Infosys’ nominations committee, which has ICICI Bank Non-Executive Chairman K.V. Kamath, Cornell University professor Lehman and HDFC Standard Life Insurance CEO Deepak M. Satwalekar as members, has already begun discussions.
However, Murthy declined to comment on whether he prefers an Infoscion to step into his shoes.
Murthy established Infosys in 1981 with an initial capital of $250 along with six others, Nandan Nilekani, Kris Gopalakrishnan, S.D. Shibulal, K. Dinesh, N.S. Raghavan and A. Arora.
The company is currently led by CEO Kris Gopalakrishnan.