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Todays Date
12 December 2017

Parekh new Infosys CEO and MD

Infosys has appointed Salil S. Parekh, an executive with French IT services company Capgemini, as its chief executive officer and managing director after a global headhunt that ended well ahead of the March deadline.

Parekh will assume charge on January 2 next year, replacing interim CEO U.B. Pravin Rao who took over in August at the height of an internal crisis that saw the exit of then CEO Vishal Sikka.

A statement quoted board chairman Nandan Nilekani as saying: “We are delighted to have Salil joining as the CEO & MD of Infosys. He has nearly three decades of global experience in the IT services industry…. He has a strong track record of executing business turnarounds and managing very successful acquisitions.”

Kiran Mazumdar-Shaw, chairperson of the Infosys board’s nomination and remuneration committee, said: “He (Parekh) was the top choice from a pool of highly qualified candidates.”

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