Amid heightened interest in industry circles and markets over who will succeed Infosys after N. R. Narayana Murthy, the company's board of directors is meeting in Bangalore on Saturday to finalise plans for the company's leadership succession.

“The board of directors will meet on April 30 to finalise plans for the company's leadership succession, post Mr. Murthy's retirement as Chairman of the board in August,” the company had said.

Current CEO S. Gopalakrishnan is tipped to take over as Chairman when Mr. Murthy retires, while present COO S. D. Shibulal is expected to be promoted to the post of Chief Executive Officer.

Infosys has a practice of founder members becoming Chairman.

The billion dollar question now is if the company will change this practice or opt for an outsider

The succession plans in the iconic company comes at a time when its not-so-exciting earning numbers have dampened the market expectations, while rivals like Tata Consultancy Services and HCL Technologies posted stellar results.

The industry and markets have been keenly awaiting the succession plans at Infosys. Infosys has also formed a nominations committee, comprising Professor Jeffery S. Lehman, Deepak M. Satwalekar (former Managing Director and CEO of HDFC Standard Life Insurance) and K. V. Kamath (non-executive Chairman of the board of directors of ICICI Bank).

The committee is responsible for succession planning for the roles of Chairman, CEO, COO and CFO of the company.

More In: Companies | Business