Country’s second largest software services firm Infosys on Monday said its independent director Ann Fudge will not seek re-appointment to the Board after her term expires in June this year.
“Ann Fudge, Independent Director, who is scheduled to complete her term on the Infosys Board on June 14, 2014, has conveyed her intention not to seek re-appointment owing to her busy schedule,” Infosys said in a statement.
Currently, Infosys Board has seven Independent Directors and six Executive Directors.
“Due to increasing time commitments on other Boards, I have decided not to seek re-appointment on the Infosys Board. With the addition of new Board Members and a solid succession plan in place, I know the company is well-positioned for success,” Fudge said.
She had joined the Infosys Board in 2011. Recently, the company had announced the appointment of Carol M Browner, Distinguished Senior Fellow at the Center for American Progress and Counselor to the Albright Stonebridge Group, as an Additional Director on the company Board.
Her appointment shall be effective on the date Ms Browner receives her Director Identification Number from the Ministry of Corporate Affairs, the company said.
“I thank Ann for her seminal contribution to Infosys. The Board will miss Ann’s wisdom, insight and analysis. We wish her all the best for the future,” Infoys Executive Chairman NR Narayana Murthy said.