Infosys CEO to retire by early next year

|About: Infosys Limited, Inc. (INFY)|By:, SA News Editor

India's Infosys (INFY) has appointed headhunter Egon Zehnder to help it look for a new CEO to replace S.D. Shibulal, who plans top retire by January next year.

The news follows a series of executive departures after the return of co-founder Narayana Murthy as Chairman last June. In March, Murthy said he wasn't "very happy" with Infosys' performance over last two years.

The top internal candidates for the CEO job include company President B G Srinivas.

Infosys shares closed +1.15% in Bombay.