NEW DELHI: India's second-largest software services firm Infosys has sought shareholder approval to the appointment of U B Pravin Rao as its Managing Director. He will continue to hold the position of interim-CEO and MD for a maximum of five years, or until a new CEO and MD is appointed, Infosys said in its postal ballot. Infosys said Rao will continue to perform his role as the COO and interim CEO, along with that of MD. His last-drawn remuneration for fiscal 2017 was Rs 7.8 crore (excluding value of stock options granted of Rs 4 crore). Another resolution, for which Infosys has sought shareholders' nod, is the appointment of D Sundaram as an independent director on the board.

Source: Economic Times September 02, 2017 09:33 UTC