Mumbai, Aug 9: Infosys Technologies, will begin the task of finding a replacement for its chairman NR Narayana Murthy from Jan 2011, as India's second-biggest software exporter seeks to pass on the baton to a new crop leader. Murthy will retire in Aug, 2011, after he turns 65, a national financial newspaper reported on Monday, Aug 9 citing three sources.
Infosys' nominations committee, including ICICI Bank's non-executive chairman KV Kamath and Cornell University professor Jeffrey Sean Lehman, has already begun discussions on the process, the paper reported.
The software firm has also begun internal discussions on the size and composition of the board to face new challenges, the report said, adding an Infosys spokeswoman declined to comment.
"It has to start at the right time. The normal time for discussing such replacements is around two quarters ahead of the departure of the person, which is what the plan is," the report said quoting a person close to the process.