Reuters Adds Infosys Boss to Board

Nandan Nilekani, CEO of the Bangalore-based IT giant, will take the position of nonexecutive director at the British news company on Jan. 1

The head of one of India's biggest IT outsourcing companies has been appointed as a non-executive director at Reuters.

Nandan Nilekani, CEO of Bangalore-headquartered Infosys, will take up the non-exec position from 1 January next year and will become a member of Reuters Audit Committee.

Nilekani, who appeared in this year's Agenda Setters list, co-founded Infosys in 1981 and has been its CEO since 2002 and is widely tipped to become chairman after NR Narayana Murthy stepped down in this summer.

Infosys reported a 53 per cent rise in second quarter profits earlier this month and is on target to pass the $3bn revenue mark by the end of the financial year. The company employs more than 66,000 people worldwide.

Niall FitzGerald, chairman of Reuters, said in a statement: "Nandan is one of India's most successful business leaders and a key figure in the new global economy. He brings a deep understanding of technology, IT and globalisation and will be a huge asset to the board of Reuters."

Before it's here, it's on the Bloomberg Terminal.