Infosys on Wednesday announced Kiran Mazumdar-Shaw's retirement as independent director of the board as she completed her tenure. The board also appointed D Sundaram as the lead independent director of the company.
Kiran Mazumdar-Shaw was appointed to the Infosys board as an independent director in 2014, and as lead independent director in 2018. She also served as the chairperson of the nomination and remuneration committee and CSR committee and as a member of the risk management and ESG committees of the board.
Infosys in a statement said, "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."
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Nandan Nilekani, Chairman, Infosys, said, “We profusely thank Kiran 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.
The company appointed D Sundaram as a lead independent director based on the recommendation of the nomination and remuneration committee. Sundaram has been on Infosys' board since 2017. He serves on the audit, risk management, stakeholders relationship, nomination and remuneration committee, and cybersecurity risk sub-committees.
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"We also congratulate 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,” Nandan Nilekani said.
"With his expertise and vast experience in finance and strategy, he has been a crucial catalyst for the Company to realize its vision for the future," the company said.