CMC Announces 2012 Graduation Speaker
Murthy is most well-known as founder and former CEO of Infosys, an information technology business and consulting company based in India. The company, founded in 1981, today claims revenues of $6.825 billion. Under Murthy's leadership, Infosys became the first Indian IT company to be listed on NASDAQ. Murthy introduced the Global Delivery Model, which is largely credited for the success of outsourcing IT services to India.
Over the years, Murthy has received countless honors and awards for his work. According to his biography on the Infosys website, he was named one of The Economist's ten most-admired business leaders in 2005 and topped the Economic Times's list of the most powerful CEO's in India three years in a row. In 2005, he co-chaired the World Economic Forum's annual meeting in Davos along with six other business leaders, including Microsoft founder Bill Gates.
Murthy advocates for "compassionate capitalism" in his home country of India. In 2004 interview with BBC, he said, "We believe that if India has to solve its problem of poverty, we have to embrace capitalism, ensure that jobs are created, and make sure that market-driven policies are accepted." Today, he sits on boards for the University of Pennsylvania's Wharton School, the United Nations Foundation, and the Ford Foundation. He also serves as a Trustee for the Rhodes Trust, home of the Rhodes Scholarship program.
Murthy's daughter, Akshata N. Murty, graduated from CMC in 2002. She currently serves on Claremont McKenna's Board of Trustees.
For more information on the 2012 Commencement, please visit the CMC Commencement Page here.
This article was updated at 3:15pm on February 23rd to include information regarding the honorary degree.