Infosys board members step down following CEO resignation

Infosys notified its shareholders a number of board members have stepped down following the resignation of former CEO Vishal Sikka, PhD, in an Aug. 24 letter.

The company also noted it named ex-CEO and co-founder Nandan Nilekani as a non-executive, non-independent director and chairman of the board of directors. He will replace outgoing chairman, R. Seshasayee, who stepped down from the board Aug. 24.

Jeffrey Lehman and John Etchemendy, PhD, also resigned from the board, effective immediately.

"It has been a great honor and pleasure to serve the shareholders of Infosys for the past three years, and to have a front row seat during the transformative strategies that Vishal Sikka brought as the CEO," Dr. Etchemendy said, echoing the statements of Dr. Lehman. "With Vishal's departure, the board and his successor will embark on a new phase in Infosys' future, and I think that giving up my board seat to a new independent director is the right decision."

Ravi Venkatesan  also stepped down from his role as co-chairman, although he will continue on the Infosys board.

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