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Infosys appoints Salil S Parekh as CEO & MD

Infosys has appointed Salil S. Parekh as the Chief Executive Officer and Managing Director of the company effective January 2, 2018. The announcement was made on Saturday.

“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 of the board in a statement.

The Board believes that he is the right person to lead Infosys at this transformation time in our industry, Mr. Nilekani added.

Kiran Mazumdar-Shaw, chairperson of the Nomination and Remuneration Committee said: “After a comprehensive global search effort, we are pleased to appoint Salil as the CEO and MD. He was the top choice from a pool of highly qualified candidates.”

Mr. Parekh joins Infosys from Capgemini, where he was a member of the Group Executive Board.

He has Master of Engineering 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.

U.B. Pravin Rao will step down as the interim CEO and MD on January 2, 2018 and continue as Chief Operating Officer and a whole-time director of the company, according to the statement.