Infosys appoints Salil Parekh as Chief Executive

Infosys has appointed Salil Parekh as chief executive officer (CEO) and managing director (MD) of the company with effect from January 2 next year, culminating the search of a CEO which began since the departure of Vishal Sikka in August due to a spat with the founders over various issues.

Parekh, who has been appointed for five years and will be the second outsider CEO, joins from French IT and consulting company Capgemini where he is the CEO of financial services across Europe, North America and Asia. He has been with the company for 17 years and also a member of its executive committee.

“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. The board believes that he is the right person to lead Infosys at this transformative time in our industry,” Infosys chairman Nandan Nilekani said in a statement on Saturday.

Parekh was earlier a member of the Group Executive Board at Capgemini. An IIT Bombay alumni, he holds Masters degrees in computer science and mechanical engineering from the Cornell University, in the United States.

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