IT company HCL Infosystems today said its founder member Ajai Chowdhry has decided to step down from the position of whole-time director of the company.
“In line with pre-planned transition with the recruitment of new CEO in October 2010,Ajai Chowdhry has decided to now step down from the position of whole-time director of the company with effect from March 31,2012,” HCL Infosystems said in a filing to the BSE.
Chowdhry will continue to be non-executive Chairman of the Board of the company,it added.
HCL Infosystems appointed Harsh Chitale as its Chief Executive Officer in October 2010. This position was held by Chowdhry earlier.
The shares of the company were trading at Rs 45.80,up 0.77 per cent in the afternoon trade BSE.