Who is the New CEO of Infosys? – Salil Parekh
The Capgemini Executive Salil Parekh appointed the New CEO and MD of Infosys
Who is the New CEO of Infosys? – Salil Parekh. Infosys, India’s second largest IT services and software firm appointed Capgemini executive Salil Parekh as Chief Executive Officer and managing director effective from January 2, 2018, putting an end to an executive search that lasted for nearly two months. He will take over for a period of five years from interim CEO U B Pravin Rao who has been re-designated as Chief Operating Officer from January 2.
Salil S Parekh, graduate from the IIT Bombay in Aeronautical Engineering and has Master of Engineering degree in Computer Science and Mechanical Engineering from Cornell University.
Parekh previously was the member of the Group Executive Board at French IT services company Capgemini for 25 years. After a comprehensive global search effort, Infosys picked up an outsider for the job a second time.
Former CEO Vishal Sikka was the first outsider to be appointed as CEO of the Bengaluru-headquartered company, announced a sudden exit in August after prolong public row between the company’s founder Narayana Murthy and Vishal Sikka over strategy, executive remuneration and poor corporate governance and allegations.
“With his strong track record and extensive experience, we believe, we have the right person from a pool of highly qualified candidates to lead Infosys,” said Kiran Mazumdar-Shaw, chairperson of the nomination & remuneration committee at Infosys. 53-year-old Parekh incidentally came to Capgemini and credited with the smooth scaling of Capgemini in India. In spite of a late start, he played a key role in the iGate acquisition and richly awarded for this. Infosys appointed Salil Parekh during a challenging time in the company’s 36-year history. His ability to get growth back at Infosys, improve morale and making peace between its founders and board at the company, will be what observers will be watching.His long years at consulting firm Ernst & Young will be a substantial asset for Infosys.