R Seshasayee appointed non-executive chairman of Infosys

Infosys on Friday announced Ramaswami Seshasayee has been appointed as its non-executive chairman in place of K.V Kamath, who stepped down from the post following his nomination as president of the $50 billion BRICS’ development bank.

Seshasayee, 67, has been an independent director on the company’s board since January 2011 and is chairperson of the audit committee.

“The board has made the most appropriate choice in nominating Seshasayee as my successor, given his vast and varied experience in leading large public companies and his strong contribution to Infosys, during the last four years of his association. Infosys will benefit greatly from his sagacity,” Kamath said.

Seshasayee is also the non-executive vice-chairman of Ashok Leyland Ltd in Chennai and chairman of IndusInd Bank Ltd in Mumbai.

To devote requisite time and attention to the new responsibility, the new chairman plans to substantially disengage from his other responsibilities in due course.