Infosys appoints N R Narayana Murthy as executive chairman of the board Infosys announced that the company's board has appointed Mr. N R Narayana Murthy into the board and executive leadership of the company. The board approved appointing Mr. N R Narayana Murthy as Executive Chairman of the Board and Additional Director with effect from June 1. Mr. Murthy's election as a Director would be placed for the consideration of the Company's shareholders in the Annual General Meeting, AGM, on June 15. Subject to his election as a director at the AGM, the Board will take up in its meeting on June 15 the resolutions for convening an extraordinary general meeting within the requisite period, in order to seek approval from the shareholders for appointing him as the Executive Chairman and Whole-time Director for a period of five years commencing on June 1.
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Infosys upgraded to Outperform from Market Perform at Cowen Cowen upgraded Infosys after its survey indicated improvements in key demand metrics. The firm raised its price target for shares to $65 from $55.