Will lead Infosys at this transformative time in the industry
Bengaluru-based Indian IT major Infosys has appointed Salil S Parekh as its new CEO and managing director effective from January 2, 2018.
Parekh takes over from U B Pravin Rao who had replaced Vishal Sikka as interim CEO and Managing Director in August this year. Parekh, who will be the second outsider CEO at Infosys after Sikka, is a member of the Group Executive Board at French IT services company Capgemini. He has been non-executive director of Capgemini Technology Services India Limited since May 4, 2017.
“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,” Nandan Nilekani, chairman of Infosys’ board, said in a filing on the Bombay Stock Exchange.
Parekh joined Capgemini in the year 2000 after the acquisition of the consulting division of Ernst & Young. During his seventeen years with the company, he has held various leadership positions in the Group. These include the CEO of North America operations, global head of technology services, COO, Asia Pacific; CEO, India, and a partner in the financial services practice in the US.