Infosys begins its search for a new CEO who’l replace SD Shibulal

Posted on Apr 11 2014 - 4:36pm by IBC News Bureau
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Infosys will look at both internal and external candidates to succeed CEO & MD SD Shibulal, who is due to retire in March next year.

The company on Friday said its nominations committee had begun the search to select the successor.

“The nominations committee will short list and evaluate an internal slate of candidates with the assistance of Development Dimensions International (DDI), a company specializing in corporate executive evaluations. The Board has also appointed Egon Zehnder, an executive search firm, to assist the nominations committee in identifying an external slate of candidates,” a release from the company said.

The company said Shibulal had expressed his desire to retire as the CEO and MD and as a member of the Board of Directors either on the date of the last board meeting before his superannuation — January 9, 2015 — or when his successor is ready to assume office, whichever date is earlier.

Infosys so far has had a tradition of promoting internal candidates to top positions, and prides itself in building leaders. The CEO position has till now been held by its co-founders — starting with NR Naryana Murthy, followed by Nandan Nilekani, Kris Gopalakrishnan and now Shibulal.

This will be the first time that a non-founder will occupy the post. Among internal candidates, the choice is likely to narrow down to the two presidents of the company — BG Srinivas and UB Pravin Rao.

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