The appointment of KV Kamath, the non-executive chairman and ex-CEO of ICICI Bank, as chairman of India's third largest IT company is surely an important milestone in the history of the company which, not too long back, was the face of Indian IT exports industry.
It was increasingly facing criticism for refusing to change. Kamath's appointment to the top job is the explicit response to that criticism.
He is the first outsider to occupy an important position on the Infosys board.
Text: By Shyamanuja Das, IANS