Infosys Elevates Nitin Paranjpe to Non-Executive Vice Chairman Role
Infosys appoints Nitin Paranjpe as non-executive vice chairman
Business StandardImage: Business Standard
Infosys has appointed Nitin Paranjpe as its non-executive vice chairman, effective immediately. Paranjpe, an independent director, also holds positions at Hindustan Unilever and Heineken. Additionally, Infosys reclassified Shreyas Shibulal and Bhairavi Madhusudhan Shibulal as public shareholders.
- 01Nitin Paranjpe appointed as non-executive vice chairman of Infosys.
- 02Paranjpe is also an independent director and has roles at Hindustan Unilever and Heineken.
- 03Chairman Nandan Nilekani expressed confidence in Paranjpe's leadership.
- 04Shreyas Shibulal and Bhairavi Madhusudhan Shibulal reclassified as public shareholders.
- 05The Shibulals clarified their previous classification as promoters due to family ties.
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Infosys has appointed Nitin Paranjpe as its non-executive vice chairman, effective immediately. Paranjpe, who has been serving as an independent director, brings extensive experience from his roles as non-executive chairman of Hindustan Unilever and non-executive vice chairman of Heineken. Chairman Nandan Nilekani expressed enthusiasm about Paranjpe's expanded role, highlighting the significant impact he has had on the board. In a separate development, Infosys announced the reclassification of Shreyas Shibulal and Bhairavi Madhusudhan Shibulal as public shareholders, moving them from the promoter category at their request. The couple, related to co-founder S D Shibulal, clarified that they have not been involved in the company's operations or decision-making.
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