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Infosys Announces Appointment Of New Members To The Board


Bangalore, India - June 11, 2011: Infosys Technologies Limited today announced the induction of four new members to its Board.

Induction of Executive Officers to the Board

In the course of a meeting earlier today, the Nominations Committee ("the Committee") of the Company recommended the induction of Mr. V. Balakrishnan (Bala) - Chief Financial Officer; Mr. B. G. Srinivas (BG) - Senior Vice President and Head - Manufacturing, Product Engineering, Product Lifecycle and Engineering Solutions; and Mr. Ashok Vemuri (Ashok) - Senior Vice President and Head - Banking and Capital Markets and Strategic Global Sourcing.

The Board of Directors, in a meeting held after the Annual General Meeting (AGM), accepted the recommendations of the Committee and appointed them as Additional Directors. The new directors will hold office up to the date of the next AGM. At that point, their appointment as Whole-time Directors will be placed for approval of the shareholders.

Mr. N. R. Narayana Murthy, Chairman and Chief Mentor, said, "I am very happy that three outstanding Infoscions are joining the Board. I have worked with all the three closely and have benefitted immensely from their wisdom. My congratulations to them. I am confident that they will take our company to even greater heights."

Mr. S. Gopalakrishnan, Chief Executive Officer and Managing Director, said, "The induction to the Board of three highly competent professionals from within our ranks is a big step forward for Infosys. Apart from infusing new energy to the Board, these three appointments clearly demonstrate the Company’s commitment to recognize and reward outstanding leadership capability, hard work and performance".

Induction of Ms. Ann Fudge the Board

The Board also inducted Ms. Ann Fudge as an Additional Director of the Company. The appointment is effective October 1, 2011.

Ms. Fudge is a Non-Executive Director at Unilever, Novartis AG and at General Electric Co. She served on the Board of Honeywell International Inc. from 1993 to 2003 and served as the non-executive director of Marriott International Inc. from 2001 to 2003.

Ms. Fudge has served as the Chairperson and Chief Executive Officer of Young & Rubicam Brands from 2003 to 2006. Prior to joining Young & Rubicam, she worked at General Mills and at Kraft Foods, where she served in a number of senior management positions including President of Beverages, Desserts and Post Cereal Division.

Ms. Fudge is an Honorary Director of Catalyst, Trustee of Morehouse College, Rockefeller Foundation and Brookings, and Chairperson of the US Programs Advisory Panel of the Gates Foundation. She is also a Board Member on the Council of Foreign Relations and Buzzient, Inc. and Former Vice-Chairperson, Board Overseers of Harvard University.

Ms. Fudge earned her BA (Honours) from Simmons College and her MBA from the Harvard Business School.

Speaking on the occasion, Mr. N. R. Narayana Murthy, Chairman and Chief Mentor said, "Ann Fudge is a globally recognized and respected corporate leader. She will bring immense value to the board particularly in strengthening our brand. I am honored to welcome her to our board".

Outcome of the Annual General Meeting (AGM)

At the AGM held today, the members of the Company approved the following:

  • Final dividend of   20/- per share. The final dividend will be paid to shareholders on June 13, 2011.
  • Appointment of Mr. R. Seshasayee and Mr. Ravi Venkatesan as Directors of the Company, liable to retire by rotation.
  • Change in the name of the Company from "Infosys Technologies Limited" to "Infosys Limited".

About Infosys Technologies Limited

Many of the world’s most successful organizations rely on the 1,30,820 people of Infosys to deliver measurable business value. Infosys provides business consulting, technology, engineering and outsourcing services to help clients in over 30 countries build tomorrow’s enterprise.

For more information about Infosys (NASDAQ: INFY), visit www.infosys.com.

Safe Harbor

Certain statements in this release concerning our future growth prospects are forward-looking statements, which involve a number of risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding fluctuations in earnings, fluctuations in foreign exchange rates, our ability to manage growth, intense competition in IT services including those factors which may affect our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, industry segment concentration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks or system failures, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, the success of the companies in which Infosys has made strategic investments, withdrawal or expiration of governmental fiscal incentives, political instability and regional conflicts, legal restrictions on raising capital or acquiring companies outside India, and unauthorized use of our intellectual property and general economic conditions affecting our industry. Additional risks that could affect our future operating results are more fully described in our United States Securities and Exchange Commission filings including our Annual Report on Form 20-F for the fiscal year ended March 31, 2011 and on Form 6-K for the quarters ended June 30, 2010, September 30, 2010 and December 31, 2010.These filings are available at www.sec.gov. Infosys may, from time to time, make additional written and oral forward-looking statements, including statements contained in the company's filings with the Securities and Exchange Commission and our reports to shareholders. The company does not undertake to update any forward-looking statements that may be made from time to time by or on behalf of the company.



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