• search
For Quick Alerts
For Daily Alerts

Infosys to say bye to its chief; Narayana Murthy to retire


Narayana Murthy

Bangalore, Aug 19: Narayana Murthy - the founder and mentor of IT giant Infosys, will officially retire on Saturday, Aug 20. 65-year-old Murthy will retire as the chairman of the company after handing over the charge to the new chief - KV Kamath.

Murthy's retirement will mark the end of an era of Infosys and will resume a different reign with Kamath. However, as Murthy had claimed earlier, he (Murthy) will continue to guide the company which was found in 1981.

Murthy had said, "I would be called Chairman Emeritus. I will have a room which I can use if I want, I can go whenever I want but as propriety demands, I will have no say in any matter, I will not be allowed to attend any board meetings or any meetings. I can meet anybody personally."

After starting the company with initial capital of $250, mostly borrowed from wife Sudha Murthy, Narayana Murthy served the company as the CEO for 21 years. Later he (NR Murthy) was succeeded by another co-founder of Infosys - Nandan Nilekani.

Sources reported that the IT organisation has arranged a grand farewell for Murthy, though media will be barred to enter the premises of the company to follow the function.

OneIndia News

For Daily Alerts
Get Instant News Updates
Notification Settings X
Time Settings
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Oneindia sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Oneindia website. However, you can change your cookie settings at any time. Learn more