Infosys director Ann Fudge not to seek reappointment

Infosys today said independent director Ann Fudge has conveyed her intention not to seek reappointment "owing to her busy schedule". Her term completes on June 14, 2014.

Currently, Infosys board has seven independent director and six executive directors. Infosys had recently announced the appointment of Carol M. Browner, a senior fellow at American Progress and senior counselor at Albright Stonebridge Group, as an additional director of the company.

Ann Fudge in a statement said, "Due to increasing time commitment on other boards, I have decided not to seek reappointment on the Infosys board. With the addition of new board members and a solid succession plan in place, I know the company is well-positioned for success."

Ann Fudge, who was the former chief of Young & Rubicam Brands, also serves on the board of General Electric, Novartis and Unilever.

Infosys earlier said that it has started looking for a new CEO in preparation for the retirement of S.D. Shibulal early next year, and appointed advisory firm Egon Zehnder to assist a committee in identifying external candidates.  (See: Infosys CEO Shibulal says leaving behind a stronger company)

(With Agency inputs)