Gary Ebeyan passes on the baton to Jacqueline Korhonen
Melbourne, Australia - November 17, 2008
Infosys Technologies Ltd (Nasdaq: INFY) announced a change of CEO of its subsidiary, Infosys Technologies Australia Pty Ltd (Infosys Australia) after the current CEO, Gary Ebeyan, decided to leave for personal reasons. IT veteran Jacqueline (Jackie) Korhonen has been appointed today as CEO-designate and she will take over as the CEO on December 15, 2008 from Gary Ebeyan, who will stay on in an advisory role through January 2009.
Kris Gopalakrishnan, CEO and Managing Director, Infosys Technologies, thanked Ebeyan for his invaluable contribution to the company, noting, "Under Gary's leadership, Infosys Australia has been successfully established as a Tier 1 player in IT and business process outsourcing in the region."
Commenting on the leadership change in Infosys Australia, Ebeyan said "The past five years have been a challenging and rewarding experience for me. The company has gone from strength to strength in every year of operation in Australia and has had phenomenal growth in revenues, profits and clients. I leave the company knowing that the future has never looked brighter for it. I thank the Infosys Technologies management for putting their trust in me over the past five years, and wish the company, its employees and my successor Jackie all the very best for the future."
Kris welcomed Jackie to the management team. "Jackie brings with her vast experience in our industry, knowledge of the market and proven leadership qualities to take our business in the region to the next level," he said.
Jackie brings 23 years of extensive experience in the IT industry to the position. Most recently as Vice President of Managed Business Process Services for IBM Australia & New Zealand, she built the company's process outsourcing business in the region. Previous roles include leadership positions in IBM's Financial Services practice across Asia and developing and managing its Consulting and Systems Integration practice in the region.
"Infosys is one of the most vibrant companies offering Consulting, IT and BPO services today," commented Jackie. "It's never been a more critical time for Australian companies to tap into the advantages of globalisation - and Infosys has pioneered the Global Delivery Model around the world. I am delighted to be part of this global enterprise."
Jackie is a Sydney native and graduate of the University of Sydney. Her appointment is in line with Infosys' preference for recruiting local talent for senior leadership roles.
Infosys (NASDAQ: INFY) defines, designs and delivers IT- enabled business solutions that help Global 2000 companies win in a Flat World. These solutions focus on providing strategic differentiation and operational superiority to clients. With Infosys, clients are assured of a transparent business partner, world-class processes, speed of execution and the power to stretch their IT budget by leveraging the Global Delivery Model that Infosys pioneered. Infosys has over 1,00,000 employees in over 50 offices worldwide. Infosys is part of the NASDAQ- 100 Index and The Global Dow. For more information, visit www.infosys.com
Statements in connection with this release may include forward-looking statements within the meaning of US Securities laws intended to qualify for the "safe harbor" under the Private Securities Litigation Reform Act. These forward-looking statements are subject to risks and uncertainties including those described in our SEC filings available at www.sec.gov including our Annual Report on Form 20-F for the year ended March 31, 2008, and our other recent filings, and actual results may differ materially from those projected by forward-looking statements. We may make additional written and oral forward-looking statements but do not undertake, and disclaim any obligation, to update them.
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