![\"Infosys](\"https:\/\/c.ndtvimg.com\/2023-03\/v1uq85sg_kiran-mazumdarshaw-instagram_625x300_23_March_23.jpg\"\/ "\\"Infosys")
<\/div>\nKiran Mazumdar-Shaw is the Chairperson and Managing Director of Biocon Limited. (File)<\/p>\n<\/div>\n
New Delhi: <\/b><\/p>\n
Infosys today announced the retirement of Kiran Mazumdar-Shaw as Independent Director from its Board, effective March 22, 2023, upon completion of her tenure.<\/p>\n
Accordingly, the Board has appointed D Sundaram as the Lead Independent Director of the Company, effective Thursday based on the recommendation of the ‘Nomination and Remuneration Committee’.<\/p>\n
D Sundaram has been on the Board of Infosys since 2017. D Sundaram serves on the Audit Committee, Risk Management Committee, Stakeholders Relationship Committee, Nomination and Remuneration Committee, and Cybersecurity Risk Sub-Committee.<\/p>\n
“We profusely thank Kiran\u00a0Mazumdar-Shaw for having been such an integral member of the Infosys family, providing valuable guidance and leadership to the Board over the years. I am personally very grateful to her as she has been a tremendous ally and amazing colleague on the Board, ever since I re-joined Infosys in August 2017,” Infosys Chairman, Nandan Nilekani, said.<\/p>\n
“We also congratulate D 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,” Nilekani added.<\/p>\n
Kiran Mazumdar-Shaw was appointed to the Infosys’ Board as an Independent Director in 2014, and as Lead Independent Director in 2018.<\/p>\n
She also served as the Chairperson of the ‘Nomination & Remuneration Committee’ and ‘CSR Committee’, and as a member of the ‘Risk Management and ESG Committees’ of the Board.<\/p>\n
“The Board places on record its appreciation for Ms Shaw’s invaluable contribution, guidance, and strategic vision, that has helped the Company build and execute a resilient growth strategy,” Infosys said in a release.<\/p>\n
Kiran Mazumdar-Shaw is the Chairperson and Managing Director of Biocon Limited, a biotechnology company based in Bangalore, India.<\/p>\n
(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)<\/i><\/p>\n<\/div>\n