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.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • Sebi must not be lax in weeding out mutual fund houses

    Last May, capital market regulator Securities and Exchange Board of India (Sebi) amended the Sebi (mutual funds) regulations, 1996, directing all fund

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Arun Kumar Jain

Customer orientation needs human touch

In the mid-1990s, while researching drivers of corporate excellence, we ...

Kuruvilla Pandikattu SJ

Can religion help us protect our planet?

Though not factually true, in popular imagination, the relationship between ...

Shona Adhikari

Pop art is truly a feast for the eyes

The internationally reknowned Bruno Art Group’s presence in India had ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture