In fact, the company's nominations committee has begun searching for a successor to 59-year-old Shibulal, who is looking forward to quit as early as January 9, 2015 when the board will meet to finalise financial results for third quarter (Oct-Dec) of FY 2015.
The board has also appointed executive search firm Egon Zehnder to assist the committee in identifying an external list of candidates.
The company's twin presidents, B.G. Srinivas and U.B. Pravin Rao, are in race for the top post as internal candidates, as hinted by Murthy in January at Mysore, about 150 km from here.
Srinivas and Rao, who are also on the board as directors, were elevated to their new posts in January and report to Shibulal.
Srinivas is in-charge of global markets, while Rao looks after global delivery and service innovation.
