Infosys names Salil S Parekh as CEO and Managing Director

Infosys names Salil S Parekh as CEO and Managing Director

Infosys names Salil S Parekh as CEO and Managing Director

Three months after former Infosys CEO Vishal Sikka stepped down over allegations of poor corporate governance, the board of Infosys, India's second largest IT services and software firm, appointed Salil S Parekh as chief executive officer and managing director effective January 2, 2018.

"We are delighted to have Salil joining as the CEO & MD of Infosys", Nilekani said.

The appointment ends a almost four-month long search for the top job at India's second largest IT services firm. "With his strong track record and extensive experience, we believe, we have the right person to lead Infosys". "The Board believes that he is the right person to lead the company at this transformative time in our industry". Parekh has a Master's degree in Computer Science and Mechanical Engineering from Cornell University, and a Bachelor of Technology degree in Aeronautical Engineering from the Indian Institute of Technology, Bombay. He will continue to work as the Chief Operating Officer and full time director of the company.

Salil has a great eye for detail, and is a good conversation holder on digital, cloud and the IT modernisation story, said Gogia. Sikka, on the other hand, came into Infosys in 2014 with the reputation of a strong products and technology leader, but with virtually no experience in the outsourcing industry.

"The only thing that is common between Vishal and him that they had not been the CEO of a publicly listed firm before their appointment to Infosys".

His tenure will begins on January 2, 2018.

"I am happy that Infosys has appointed Parekh as the CEO". It was then that Nilekani - one of the Infosys co- founders and Aadhaar architect - was brought in as Non- executive Chairman to restore order at the embattled company.

He had been associated with Capgemini Parekh for over 25 years now.

Parekh has been appointed for a five-year term effective January 2, according to an Infosys filing to exchanges.

British-based Aston Business School research scholar Sanjoy Sen said Parekh's appointment would be viewed positively in Infosys' journey to rebuild its business positioning. "He has relinquished his responsibilities within the group and his managerial transition is already in place", said the French company.

"The board is grateful to Pravin for his leadership during this period of transition", Nilekani said.

"As India remains the heart of IT and Business Process Management service delivery, Sen said Parekh's grooming in India would be an advantage to establish the right "face to the Infosys brand" in addition to his experience of working across global cultures".

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