Putting all the speculations regarding his role to rest, Nandan Nilekani has been appointed as the chairman of the Infosys board. He will replace former chairman R Seshasayee, who resigned from the board, along with co-chair Ravi Venkatesan. Venkatesan will, however, continue serving as an independent director.

Furthermore, Vishal Sikka, John Etchemendy and Jeffery S Lehman have also quit the Infosys board.

Meanwhile, UB Pravin Rao will continue as the Interim CEO and MD, and the Infosys Board will be looking for a permanent CEO and MD, as reported earlier by People Matters.

I am happy to return to Infosys, now in the role of non-executive chairman, and look forward to working with my colleagues on the board and in executive management on the business opportunities we see before us and delivering benefits to our clients, shareholders, employees and communities. I thank Vishal for his service as the CEO of Infosys over the last three years and wish him well in his future endeavors,” Nilekani was quoted as saying in a statement.

Endorsing the board’s decision and welcoming Nilekani, Seshasayee said, "Nandan is the ideal leader for Infosys at this stage in the Company's development. His appointment will allow Infosys to focus on the strategic changes it needs to make in order to capitalize on the attractive opportunities in the years ahead."

One of the company's seven founders, Nilekani co-founded Infosys in 1981, and also served as its CEO from 2002 to 2007.