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Infosys boss to step down today

Indications are that Murthy would continue to call the shots at Infosys.

india Updated: Aug 20, 2006 03:13 IST
Press Trust of India
Press Trust of India

After guiding Infosys to become one of the most admired IT companies in the world, NR Narayana Murthy will step down as its Executive Chairman on Sunday, amid firm indications that he would continue to call the shots.

The NASDAQ-listed firm has kept the post vacant and announced last month that he would serve as the non-executive Chairman and continue as the Chief Mentor from August 21.

The board of directors had also appointed Murthy, who turns 60 on Sunday and will retire as per the company service rules, as an Additional Director of the company.

"I have enjoyed doing what I did in creating this company...Nurturing it so far," Murthy, who believes in promising less and delivering more, said in Bangalore.

Hinting that he would continue to play a key role in Infosys, he said, "The role of the non-executive chairman is primarily to preside over the board…To make sure that the succession planning of the CEO is well-handled to ensure that the Board discharges its responsibility in making sure there is a good strategy with the company and that strategy is well executed and that the finest principles of corporate governance are followed."

First Published: Aug 19, 2006 19:30 IST