Infosys to Appoint Dr. Vishal Sikka as Chief Executive Officer & Managing Director

Bangalore, India (ots/PRNewswire) -

The Infosys Board of Directors is pleased to announce the
selection of Dr. Vishal Sikka as the Chief Executive Officer and
Managing Director (CEO & MD) of the company. Dr. Sikka will be
inducted as a whole-time director of the Board and CEO & MD
(Designate) on June 14, 2014. He will take over as CEO & MD from Mr.
S. D. Shibulal on August 1, 2014.

(Logo: http://photos.prnewswire.com/prnh/20130122/589162 )

The Board has also elevated Mr. U.B. Pravin Rao, President and
whole-time director, as Chief Operating Officer, with effect from
June 14, 2014.

Dr. Vishal Sikka was, until recently, a member of the Executive
Board of SAP AG, leading all products and driving innovation
globally. He has worked closely with leaders of global companies in
building breakthrough business solutions. At SAP, he was responsible
for all products, from traditional and cloud-based applications to
technology and platform products including HANA, analytics, mobile
and middleware. In addition, Dr. Sikka led multiple initiatives to
accelerate innovation and research at SAP. He holds a Ph.D. in
computer science from Stanford University, USA.

Commenting on his appointment, Dr. Sikka said, "I am honored to
lead Infosys, an iconic company built by pioneers in the technology
industry. I look forward to working with and learning from talented
Infoscions around the world. Computing technology is reshaping every
industry across every walk of life. We, at Infosys, have a unique
opportunity to deliver breakthrough solutions that will bring greater
value to our clients, employees, investors and other stakeholders. I
am grateful to the Infosys Nominations and Governance Committee, Mr.
Kamath, Mr. Murthy and the Board for this opportunity."

The Board also announced the following changes:

- Mr. N.R. Narayana Murthy and Mr. S. Gopalakrishnan will voluntarily step
down as Executive Chairman and Executive Vice Chairman, respectively, on June 14,
2014. In order to facilitate a smooth transition of responsibilities, they will
continue on the Board till October 10, 2014 as the Non-executive Chairman and
Non-executive Vice Chairman, respectively
- Mr. K. V. Kamath will become the Non-executive Chairman of the Board on
October 11, 2014
- Mr. Murthy will be designated as Chairman Emeritus with effect from October
11, 2014 in recognition of his contributions to the company
- Mr. S. D. Shibulal will step down as CEO & MD and from the Board on July 31,
2014
- Mr. Srinath Batni, whole-time Director of the company, will step down from the
Board on July 31, 2014
- In addition, the company has elevated twelve leaders to the position of
Executive Vice President with additional responsibilities

The Executive Chairman's office will be dissolved with effect from
June 14, 2014. Dr. Rohan Murty, whose appointment was co-terminus
with the Executive Chairman, will leave the company on June 14, 2014.
The remaining members of the Chairman's office will take up other
responsibilities in the company.

"I am pleased with the selection of Dr. Vishal Sikka as our new
CEO," said Executive Chairman, Mr. N. R. Narayana Murthy. "Vishal
brings valuable experience as a leader of a large, global
corporation. His illustrious track record and value system make him
an ideal choice to lead Infosys. On behalf of all of us at Infosys, I
would like to thank Mr. Gopalakrishnan, Mr. Shibulal and Mr. Batni
for their contributions."

Mr. Murthy added, "I would like to thank our clients, the members
of the Board, all my colleagues at Infosys, ex-Infoscions, our
investors, the media, and well-wishers of the company for their
support and encouragement. I also want to thank the members of my
office, the Chief Financial Officer and the head of Human Resources
for their fabulous support through my second innings at Infosys."

Mr. K. V. Kamath, Lead Independent Director and Chairman of the
Nominations & Governance Committee said, "The Committee adopted a
rigorous selection process with the assistance of reputed global
executive search and evaluation firms. Vishal brings a unique
combination of technology prowess and business acumen. The Board is
committed to support him to strengthen the company's leadership in
the global technology industry."

Mr. S. Gopalakrishnan commented, "I am glad that the Board has
chosen a thought leader who has demonstrated how technology can be
leveraged to help businesses become more competitive. I wish him all
the best."

Mr. S. D. Shibulal remarked, "I would like to thank the Board,
employees and investors for the support they have extended to me
through the years. I believe that Vishal brings the vision and
capability we need to take Infosys to greater heights."

Mr. Srinath Batni said, "I have spent some of the most enriching
years of my life at Infosys and will always cherish the experience.
With Vishal, Infosys is well placed to chart its way forward boldly."

Infosys will host a press conference at its Headquarters at
Electronics City, Bangalore at 12:30 p.m. (IST) on June 12, 2014.

The company will also host a call for Investor Analysts at 6:00
p.m. (IST) on June 12, 2014. Dial-in details of the investor call
will be put up on the company's IR website later today.

About Infosys

Infosys is a global leader in consulting, technology and
outsourcing solutions. We enable clients, in more than 30 countries,
to stay a step ahead of emerging business trends and outperform the
competition. We help them transform and thrive in a changing world by
co-creating breakthrough solutions that combine strategic insights
and execution excellence.

Visit http://www.infosys.com
[http://www.infosys.com/Pages/index.aspx ] to see how Infosys , with
US$ 8.25 billion in annual revenues and 160,000+ employees, is
Building Tomorrow's Enterprise(R) today.

Safe Harbor

Certain statements in this release concerning our future growth
prospects are forward-looking statements regarding our future
business expectations intended to qualify for the 'safe harbor' under
the Private Securities Litigation Reform Act of 1995, which involve a
number of risks and uncertainties that could cause actual results to
differ materially from those in such forward-looking statements. The
risks and uncertainties relating to these statements include, but are
not limited to, risks and uncertainties regarding fluctuations in
earnings, fluctuations in foreign exchange rates, our ability to
manage growth, intense competition in IT services including those
factors which may affect our cost advantage, wage increases in India,
our ability to attract and retain highly skilled professionals, time
and cost overruns on fixed-price, fixed-time frame contracts, client
concentration, restrictions on immigration, industry segment
concentration, our ability to manage our international operations,
reduced demand for technology in our key focus areas, disruptions in
telecommunication networks or system failures, our ability to
successfully complete and integrate potential acquisitions, liability
for damages on our service contracts, the success of the companies in
which Infosys has made strategic investments, withdrawal or
expiration of governmental fiscal incentives, political instability
and regional conflicts, legal restrictions on raising capital or
acquiring companies outside India, and unauthorized use of our
intellectual property and general economic conditions affecting our
industry. Additional risks that could affect our future operating
results are more fully described in our United States Securities and
Exchange Commission filings including our Annual Report on Form 20-F
for the fiscal year ended March 31, 2014 and on Form 6-K for the
quarter ended December 31, 2013. These filings are available at
http://www.sec.gov
[http://www.infosys.com/Links/redirectlink.aspx?id=sec-gov.aspx ].
Infosys may, from time to time, make additional written and oral
forward-looking statements, including statements contained in the
company's filings with the Securities and Exchange Commission and our
reports to shareholders. In addition, please note that the date of
this press release is mentioned at the beginning of the release, and
any forward-looking statements contained herein are based on
assumptions that we believe to be reasonable as of this date. The
company does not undertake to update any forward-looking statements
that may be made from time to time by or on behalf of the company
unless it is required by law.

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Contact:
For further information, please contact: Asia Pacific - Sarah
Gideon, Infosys, India, +91-80-41563373, Sarah_Gideon@infosys.com /
EMEA -
Paul de Lara, Infosys, UK, +44(0)2075162748, Paul_deLara@infosys.com
/
Americas - Tara Kozak-Lindsay, GolinHarris for Infosys, USA,
+1-212-373-6020, tkozaklindsay@GolinHarris.com