Infosys has started the process to find its new CEO. The country’s second largest software outsourcing company has been under pressure from share holders and investors for some time now. So the board of directors in the company started a process to choose their next CEO as heard from sources.
It is for the first time that the board may approach a search firm for short listing external candidates who are fit for the job. This will be a chance for the external candidates to compete with the internal employees in the company. V Balakrishnan, Ashok Vemuri and BG Srinivas are some of the board members of Infosys who are already in the race.
The tenure of present CEO, SD Shibulal ends on March 2015 when he turns 60 but the company may appoint a new CEO within a year to assist with a changeover plan. The company has denied commenting anything on the process they are carrying through for the selection.
A committee of three members in the board has been selected who will help Infosys in the succession planning process. The team is leaded by Prof Jeffrey Lehman who was also in charge of appointing a new CEO and chairman when Kris Gopalakrishnan and NR Narayana Murthy resigned in 2011.