Infosys Appoints Nitin Paranjpe as an Independent Director

Infosys (NSE, BSE, NYSE: INFY), a global leader in next generation digital services and consulting, today announced the appointment of Nitin Paranjpe (DIN: 00045204) as an Independent Director of the Company, effective January 01, 2024. This appointment is based on the recommendation of the Nomination and Remuneration Committee of the Infosys Board, and is for a period of five years, subject to the approval of shareholders.

Mr. Nitin Paranjpe is currently the Non-Executive Chairman of Hindustan Unilever Limited (HUL), and also the Chief People and Chief Transformation Officer at Unilever PLC. He has been a member of the Unilever Executive Leadership since October 2013. Prior to this, he was Unilever’s Chief Operating Officer (COO) responsible for delivering its global results.

Nitin joined HUL (then Hindustan Lever Limited), in 1987, where he held various roles in marketing and sales, before being appointed as the Chief Executive Officer, India, and Executive Vice President for Unilever, South Asia, in April 2008.

He has been the recipient of many awards in recognition of his contribution to business and industry. For his efforts in blazing a trail for diversity, he won the GG2 Hammer Award in 2019. In 2020, he was given a Kindness Award by the Women of the Future Network in recognition of his leadership, guidance, and empathy. He is a member of the Supervisory Board of Heineken NV, Chinmaya Mission Advisory Council and the WeSchool Innovation Advisory Board.

Nitin holds a Bachelor’s Degree in Mechanical Engineering and an MBA in Marketing from Jamnalal Bajaj Institute of Management in Mumbai.

Welcoming Nitin to the Board, D. Sundaram, Lead Independent Director and Chairperson of the Nomination and Remuneration Committee, Infosys, said, “We are delighted that Nitin Paranjpe joins the Board of Infosys. His vast international experience in sales, marketing and general management will add significant value to the Company. His expertise in business operations and human resource management , having been the CEO of HUL and COO, CHRO of the global corporation, Unilever, will be a great asset to the Board and management.”

Welcoming Nitin to the Board, Nandan Nilekani, Chairman, Infosys, said, "I am extremely happy to welcome Nitin Paranjpe as a member of Infosys Board. Nitin brings with him global business perspectives and deep insights into matters of leadership and business transformation. I look forward to his valuable contributions.”

About Infosys

Infosys is a global leader in next-generation digital services and consulting. Over 300,000 of our people work to amplify human potential and create the next opportunity for people, businesses and communities. We enable clients in more than 56 countries to navigate their digital transformation. With over four decades of experience in managing the systems and workings of global enterprises, we expertly steer clients, as they navigate their digital transformation powered by cloud and AI. We enable them with an AI-first core, empower the business with agile digital at scale and drive continuous improvement with always-on learning through the transfer of digital skills, expertise, and ideas from our innovation ecosystem. We are deeply committed to being a well-governed, environmentally sustainable organization where diverse talent thrives in an inclusive workplace.

Visit www.infosys.com to see how Infosys (NSE, BSE, NYSE: INFY) can help your enterprise navigate your next.

Safe Harbor

Certain statements in this release concerning our future growth prospects, or our future financial or operating performance are forward-looking statements intended to qualify for the 'safe harbor' under the Private Securities Litigation Reform Act of 1995, which involve a number of risks and uncertainties that could cause actual results or outcomes to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding the execution of our business strategy, our ability to attract and retain personnel, our transition to hybrid work model, economic uncertainties, technological innovations such as Generative AI, the complex and evolving regulatory landscape including immigration regulation changes, our ESG vision, our capital allocation policy and expectations concerning our market position, future operations, margins, profitability, liquidity, capital resources, and our corporate actions including acquisitions. Important factors that may cause actual results or outcomes to differ from those implied by the forward-looking statements are discussed in more detail in our US Securities and Exchange Commission filings including our Annual Report on Form 20-F for the fiscal year ended March 31, 2023. These filings are available at www.sec.gov. Infosys may, from time to time, make additional written and oral forward-looking statements, including statements contained in the Company's filings with the Securities and Exchange Commission and our reports to shareholders. The Company does not undertake to update any forward-looking statements that may be made from time to time by or on behalf of the Company unless it is required by law.

Media contacts:

For more information, please contact: PR_Global@infosys.com