Salil Parekh Appointed As Infosys’ New CEO and MD

The Information and Technology giant, Infosys has a new Chief Executive Officer and Managing Director in Salil S.Parekh, who is all set to take up responsibilities from January 2, 2018, for a five-year long term. Parekh will join Infosys after his exit from Capgemini, where he was stationed at the member of the Group Executive Board. Like Infosys, Capgemini to is a global consulting, technology and IT outsourcing company with its headquarters in Paris, France.

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Meanwhile, the former CEO and MD of Infosys, U.B. Pravin Rao will step down to make a place for the new boss in office but shall continue to serve as the Chief Operating Officer and an all-time Director of the company.

Nandan Nilekani, the Chairman of Infosys, welcomed Parekh in a warm statement where he said,

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.

On Saturday, Capgemini cleared that indeed Parekh would be leaving the position in the company to seek better opportunities at Infosys,  from January 1, 2018. Paul Hermelin, Capgemini's Chairman, and CEO announced later that day,

I would like to thank Salil for his involvement in the Capgemini journey. Salil contributed in particular to the development of the group in India and in the US,”  said in the statement.

The full-time CEO post at Infosys has been vacant since the time Vishal Sikka resigned, that is, on August 18, as he could not continue to work under “malicious personal attacks”. Then the blame came onto the company's Board and founder N.R. Narayana Murthy for enabling Sikka's dramatic resignation.

Then the co-founder, Nilekani returned to Infosys as a non-executive Chairman to find a capable CEO for the company, reforming the Board as well as firming the business side.

References: Infosys, Yahoo-Finance

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