Seshasayee to retire next year, wants smooth transition
Infosys Chairman R Seshasayee on Saturday said it would be his last AGM before he retires next year in May and plans a smooth transition to his successor.
"Finally, as this will be my last AGM, before I retire upon reaching the age of 70 in May 2018... During the remaining part of my tenure, I would be committed to further enhancing governance standards, improving shareholder value and planning a smooth transition to my successor," he said in his speech at the 36th AGM of Infosys here on Saturday.
He also thanked founders, his colleagues on the board and shareholders for giving him an opportunity to serve the company at "an extremely critical" point during its transformation journey.
"I have had unstinted support from my colleagues on the board and the management, and I am truly grateful to them for imposing confidence in my leadership in these challenging times," he added.
Seshasayee spoke of the company undertaking three transformations, including the cultural one to secure a sustainable and secure future.