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Infosys: Infosys independent director Ravi Venkatesan quits to pursue ‘exciting new opportunity’

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NEW DELHI: Infosys independent director Ravi Venkatesan has stepped down from the board with immediate effect, the IT behemoth informed the stock exchanges in a statement on Friday evening.

“This is to inform that Ravi Venkatesan, Independent Director has resigned as a director of the company with immediate effect to pursue an exciting new opportunity. Accordingly, the Board took note of the same, ” Infosys said in the statement.

Infosys had appointed Venkatesan as the co-chairman of the board last year in April. He had been on the Infosys board since April 2011. Venkatesan along with R Seshasayee, the then chairman were seen as troubleshooters during the last few months of former CEO (Chief Executive Officer) and MD (Managing Director) Vishal Sikka’s tumultuous stint before he dramatically resigned in August 2017 following months of disagreements with Infosys co-founder NR Narayana Murthy.

Venkatesan’s tenure as co-chairman was brief and lasted till Nandan Nilekani became chairman in August 2017.

On his departure from Infosys, Venkatesan said, “I joined the Board at a time when Infosys was beginning the complex journey of transitioning from founder-led to professional management. This was also a time of tectonic industry shifts.I am pleased that this mission has been accomplished.

Infosys is strong, in good hands, and is gaining momentum. My seven years on the board have been exciting, rewarding and eventful. l feel fortunate to have been part of this extraordinary company at a seminal moment in its history and to have worked with so many fine colleagues on the Board and in management. I wish Infosys and all Infoscions the greatest success in the coming years,” he added.

Updated: May 11, 2018 — 11:49 am

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