Will quit executive positions on Aug30: Murthy

N R Narayana Murthy will soon step down from his positions as chairman and chief mentor of Infosys Technologies. However, he is ready to continue as the non-executive chairman of the company, if the board decided.

I will step down from the positions currently held at Infosys on August 30, this year - the day I turn 60, Murthy said Murthy said on the sidelines of the AGM of the company on Saturday.

"We have a rule in our company that at the age of 60, people relinquish their executive positions. If the board in its meeting on July 10 & 11 decides that I should continue as a non-executive chairman for whatever term, I will be thrilled and privileged to continue in that capacity," Murthy said.

The board meeting in July would decide the new chief mentor. "However there are many smarter and younger people in the company, and the chief mentor is an executive, who comes to the office everyday and spends at least eight hours a day at work," Murthy said.

Post-retirement, Murthy said, he would have a separate office of his own at his residence and vacate the current office. "However I will keep an office in the Infosys Heritage Building and I may come to the office perhaps once a month," he said.

On how he is going to spend the post-retirement time, Murthy said on his capacities in the advisory board of the company and the boards and advisory boards of many universities abroad kept him busy. 

 "All that I can say that I do spend a large part of my time outside India because I am on the board of several companies and on the advisory boards of many universities in the US, Europe and Asia pacific. So, that will keep me busy, definitely," Murthy added.