As the Infosys Technologies chairman and chief mentor N R Narayana Murthy is set to retire from his post in August next year, he is very much confident that the board that is appointed to find a suitable successor for his position will complete its job well in time.

However, the Chairman of the company said that the a nominations committee led by Cornell University professor and Infosys board member Jeffrey Sean Lehman will announce the decision at an appropriate time.

It is to be mentioned here that Murthy will turn 65 on 20 August next year and this has prompted the hunt for his replacement.

It may be noted here that India's leading business house the Tata Group has also begun a search for a successor to chairman Ratan Tata, who retires in December 2012.

Names like ICICI Bank non-executive chairman KV Kamath and former HDFC Standard Life Insurance chief executive Deepak Satwalekar has been given the responsibility of appointing a successor to Murthy for the company.

The purpose of the committee is to ensure that the right candidate gets to sit on the top most position Indian one of the largest IT companies.