Business News
Infosys appoints Salil S Parekh as CEO and MD
Parekh is a member of the Group Executive Board at French IT services company Capgemini.
New Delhi: Infosys on Saturday appointed Salil Parekh as Chief Executive Officer and Managing Director of the company effective January 2, 2018.
Parekh is a member of the Group Executive Board at French IT services company Capgemini. He has Master of Engineering degrees in Computer Science and Mechanical Engineering from Cornell University.
He has a Bachelor of Technology degree in Aeronautical Engineering from the Indian Institute of Technology.
“We are delighted to have Salil joining as the CEO and 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,” said Nandan Nilekani, Chairman, Infosys.
The company said UB Pravin Rao will step down as interim CEO and MD effective January 2, 2018 and will continue as Chief Operating Officer and a whole-time Director of the company.
The Bengaluru-headquartered company had been searching for a new CEO since August this year after Vishal Sikka quit amid turmoil in the company.
Sikka resigned from Infosys after a prolonged battle between the Board and the company founders leading to the return of Nilekani, a company co-founder, at the helm in August.
Nilekani, himself one of Infosys` seven founders and a former CEO, was named chair in August in a victory for the founders, who led by Narayana Murthy have waged an acrimonious battle with the board for months over alleged corporate governance lapses.
