Infosys appoints Nitin Paranjpe as non-executive vice chairman.
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Infosys appoints Nitin Paranjpe as non-executive vice chairman. IT major elevates independent director to board role; also reclassifies Shreyas Shibulal and spouse as public shareholders following their request. Nitin Paranjpe, Non-Executive Vice Chairman, Infosys Infosys has elevated Nitin Paranjpe as the non-executive vice chairman of the company with immediate effect. Paranjpe, who is an independent director of India's second largest IT services company, is also the non executive chairman of Hindustan Unilever and non-executive vice chairman of Heineken. "We are delighted to have Nitin in this position," said chairman Nandan Nilekani. "His expertise has already made a significant impact on the Board, and we look forward to his continued leadership in this expanded role." He further added: " I will continue as the Chairman of the Board as long as necessary and there is no plan for a chairman transition." Infosys also said it reclassified Shreyas Shibulal and his wife Bhairavi Madhusudhan Shibulal as public shareholders from promoter category upon their request. They are the son and daughter in law of SD Shibulal, one of the co-founders of Infosys. The couple said they are classified as promoter and promoter group solely because of their relationship with Shibulal but neither of them have worked with the company in any capacity, nor have they been involved in its...
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