New Delhi: The board of Infosys Ltd on Friday named its independent director R. Seshasayee as non-executive chairman. Seshasayee takes the place of K.V. Kamath, who has stepped down to head the proposed $100-billion BRICS bank.

Bengaluru-based Infosys has not had an executive chairman since June 2014, when its co-founder N.R. Narayana Murthy stepped down from the post. This was when Vishal Sikka was appointed as the first non-founder chief executive of the 34-year-old company.

“Infosys is an iconic company and I am thankful to Kamath and the board for entrusting me with this privilege. In order to devote requisite time and attention to this responsibility, it is my intention to substantially disengage from my other current responsibilities in due course," Seshasayee, 67, said in a statement.

He will assume his new role with immediate effect.

Of the 10-member board, outgoing chairman Kamath, Sikka, chief operating officer U.B. Pravin Rao and Kiran Mazumdar-Shaw attended Friday’s meeting at the corporate office. The remaining independent board members participated via a video link.

Seshasayee will lead the Infosys board for three years until 2018, when he turns 70 and retires, as per company rules.

Last summer, Seshasayee, along with Kamath and Shaw, assisted Murthy in getting Sikka as the CEO of the company, after a two-month search that spanned three continents and saw about a dozen external and internal candidates being considered.

Seshasayee started his career with Hindustan Lever Ltd (as Hindustan Unilever Ltd was known then) in 1971. He joined Chennai-based auto maker Ashok Leyland in 1976, where he became executive director in 1983 and managing director in 1998. Seshasayee also serves as non-executive vice-chairman of Ashok Leyland and chairman of IndusInd Bank.