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Infosys co-founder Nandan Nilekani returns as non-Executive Chairman (Second Lead)
Bengaluru, Aug 24 (IANS) Infosys co-founder Nandan Nilekani on Thursday returned to the global software major as non-Executive Chairman of the Board with immediate effect.
“The Board of Directors has appointed Nandan Nilekani as a non-executive, non-independent Director and as the Chairman of the Board of Directors,” said the IT major in a regulatory filing on the BSE.
The Board accepted the resignation of R. Seshsayee as its Chairman and as a Director on the Board with immediate effect, as well of Co-Chairman Ravi Venkatesan though he continues as an Independent Director and Executive Vice-Chairman Vishal Sikka with immediate effect.
Resignations of Directors Jeffery S. Lehman and John Etchemendy were also accepted.
Nilekani, 62, who was CEO of Infosys from March 2002 till April 2007 and its Vice-Chairman, quit the company in 2009 to head the Unique Identification Authority of India as its first Chairman till May 2014.
“Nilekani is an iconic leader, a successful entrepreneur and investor, and someone who has played a pivotal role in the country’s transition to a digital economy,” said the company in a statement.
Expressing happiness on returning to the company, Nilekani said he looked forward to working with his colleagues on the Board and in executive management on the business opportunities and delivering benefits to its clients, investors, employees and communities.
“The Board will consider a shareholder consultation process as a critical part of its overall engagement initiatives with all stakeholders that are being taken up on a priority basis,” he said.
He also thanked Sika for his service as the CEO over the last three years and wished him well in his future endeavours.
Welcoming Nilekani, Seshasayee stated that Nandan was the ideal leader for the company at this stage of its development.
“Nilekani’s appointment will allow the company to focus on the strategic changes it needs to make to capitalise on the opportunities in the years ahead. Under him, Infosys will build a cohesive management team that will take it to a leadership position in the industry,” he said.
Sikka said the company had found an ideal leader to manage the transition, as he would guide the firm to new frontiers of success.
“Last week I said that my remaining on the Board was to enable a smooth transition. In Nandan, we have found an ideal leader to manage this transition,” said Sikka, who resigned on August 18 as CEO and Managing Director three years after joining on August 1, 2014.
Lehman, who was to retire from the Board in April 2018, said with Sikka’s departure, the company was entering into a stage in which the time demands on independent directors would be compounded.
“In light of other demands on my time, I think it best if I accelerate my departure from the Board by a few months to allow a new independent director to start in this important role,” he said.
U.B. Pravin Rao, who will continue as Interim CEO and MD, said he was pleased to welcome back Nilekani.
“The Board will continue with its earlier stated plan to identify a permanent CEO and MD,” he added Rao.
–IANS
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Lucknow: Vishal Singh, a renowned social worker from Lucknow, also known as Foodman, has once again made India proud. He was honored by the Happy Hands Gloves Cooperative Limited Company in Korathai, Thailand, for his work with the Hunger Free World Mission.
The Hunger Free World Mission’s meeting was held in Korathai, Thailand, under Vishal Singh’s leadership. Representatives from several countries, including Mr. Raja Dwivedi (Managing Director of Happy Hands Gloves Limited), Thailand Coordinator Mr. Raja Mishra, and member Mr. Varun Singh, attended the event.
Under Vishal Singh’s leadership, the attendees took a pledge to work together toward creating a hunger-free world.
Speaking on the occasion, Vishal Singh explained that the main goal of the Hunger Free World Mission is social participation. He said the mission is not just about feeding people but also about meeting other basic needs of those who are struggling. The mission focuses on helping families of terminally ill patients in hospitals by providing food and shelter. It also works to fulfill essential needs like education, jobs, and care for the elderly.
For the last 16 years, the Vijay Sri Foundation has been providing free services, benefiting thousands of people. Vishal Singh highlighted that the mission aims to gain global recognition like other organizations such as WHO, WWF, and Red Cross, which work for social causes.
During this meeting, Vishal Singh was appointed as the Chairman of the Hunger Free World Mission by representatives from various countries. They also discussed holding regular meetings in different countries to push the mission forward.
Business tycoon Dr. Abhishek Verma has also supported this humanitarian mission, vowing to promote the idea of “Seva Parmo Dharma” (Service is the highest duty) worldwide. Vishal Singh praised him, stating that people like Dr .Abhishek Verma inspire others to work for the betterment of society.
Recently, Romania’s Ambassador, Mr . Daniela Sezonov Ţane, invited Vishal Singh to the Romanian Embassy in Delhi, where they discussed the mission in detail. Impressed by his humanitarian work, she honored Vishal Singh and invited him to Romania to take the mission forward .
Food man Vishal Singh has been serving the people of India for the past 16 years. Through the Vijay Sri Foundation, he provides free meals to cancer patients & their families ,shelter, and education for women & children along with running free old-age homes in Lucknow.
In addition to his humanitarian work, Vishal Singh also addresses issues like crime and corruption through his role as Chairman of Seva Path Media and Managing Director of Vijay Sri Foundation.
During the COVID-19 pandemic, Vishal Singh and his team worked tirelessly to provide food and help to the needy, including starving children, elderly citizens, and pregnant women. Despite contracting the virus himself, he continued to assist others after his recovery. He even created a life-saving oxygen regulator using household items, which was praised by doctors both in India and abroad.
In his address at the meeting, Vishal Singh spoke about his mission to create a hunger-free world. He pointed out that India’s large population, along with issues like unemployment and poverty, has caused the country to fall on the Hunger Index. He urged people to contribute just one handful of grains daily to help create a hunger-free world.
He concluded by saying that through social participation, we can empower the people around us, meet their basic needs, and work together to build a stronger, more prosperous, and developed society.
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