HCL Infosystems whole-time director Ajai Chowdhry steps down

IT company HCL Infosystems today said its founder member Ajai Chowdhry has decided to step down from the position of whole-time director of the company.

"In line with pre-planned transition with the recruitment of new CEO in October 2010, Ajai Chowdhry has decided to now step down from the position of whole-time director of the company with effect from March 31, 2012," HCL Infosystems said in a filing to the BSE.

Chowdhry will continue to be non-executive Chairman of the Board of the company, it added.

HCL Infosystems appointed Harsh Chitale as its Chief Executive Officer in October 2010. This position was held by Chowdhry earlier.

The shares of the company were trading at Rs 45.80, up 0.77 per cent in the afternoon trade BSE.

EDITORIAL OF THE DAY

  • No ifs and buts, please, in India’s engagement with Iran

    Some foreign policy purveyors in this country have for long insisted that India does not leverage its civilisational connections as it should or is ca

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

Sarthak Raychaudhuri

vice-president, HR, Asia South Whirlpool of India

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

TODAY'S COLUMNS

Taslima Nasreen

Hate in the time of bhaijaan

A few days ago I went to watch Bajrangi Bhaijaan, ...

Purnendu Ghosh

Death reveals the true colours of life

Death is instantaneous but it comes progressively. Some say, death ...

Gautam Gupta

Our fashion schools need to notch it up

"Creativity is the key to success and primary education is ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture