K V KAMATH replaces NARAYAN MURTHY as Chairman !

Infosys Office

It's the end of an era for Infosys. 30 years from its inception, founder and chief mentor Narayana Murthy will step down in August 2011 giving way to KV Kamath, the current non-executive Chairman ofICICI Bank. Kamath as been an independent director on the Infosys board since May 2009.

The other contender for the post was Kris Gopalakrishnan, the current CEO of Infosys, who is both a co-founder and the man responsible for making Infosys one of the top three IT firms in the country. Kris has been elevated as the executive co-chairman.

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