Infosys Announces Salil Parekh as New CEO and MD

Salil S Parekh named as CEO and MD of Infosys – Here's a look at his profile

The Information and Technology giant, Infosys has a new Chief Executive Officer and Managing Director in Salil S.Parekh, who is all set to take up responsibilities from January 2, 2018 for a five-year long term. The announcement was made on Saturday. He has almost three decades of global experience in the IT services industry. The Board believes that he is the right person to lead Infosys at this transformative time in our industry, " Nandan Nilekani, chairman of the Infosys Ltd Board of Directors said on Saturday in an official statement.

"We are delighted to have Salil joining as the CEO & MD of Infosys", Nilekani said. "He was the top choice from a pool of highly qualified candidates", said Kiran Mazumdar-Shaw, head of nomination and remuneration committee.

He was also serving as the Member of Group Management Board at Capgemini.

Parekh has a Bachelor of Technology (B.Tech.) degree in Aeronautical Engineering from the Indian Institute of Technology, Bombay (IIT-B) which he completed in 1986. Capgemini is one of the world's largest IT consulting, outsourcing and professional services companies with nearly 190,000 employees in over 40 countries, headquartered in Paris, France. "Salil contributed in particular to the development of the Group in India and in the US", Paul Hermelin, the Chairman and Chief Executive Officer of Capgemini Group, said in a statement.

Capgemini released a statement on December 2, announcing Parekh's departure from the company's board on January 1, 2018.

Parekh, who held the designation of CEO of Capgemini's UK, Asia and financial services businesses, will be the sixth CEO of Infosys, which was started in 1981 by seven middle-class engineers, including founder Narayana Murthy and Nilekani.

Former Infosys Director and Manipal Global Education Chairman T.V Mohandas Pai hoped that Parekh's appointment would work out better, as there was a similar business background in both the companies. The post of full-time CEO of Infosys was empty since the resignation of the Vishal Sikka on 18th August.

Salil has a great eye for detail, and is a good conversation holder on digital, cloud and the IT modernisation story, said Gogia.

The Paris-headquartered Capgemini announced Parekh's departure, saying, "Capgemini and Salil Parekh have agreed on Salil's departure". "I would like to thank Salil for his involvement in the Capgemini journey".

The Euro 12.5-billion ($14.9 billion) Capgemini is a 50-year-old firm with about 200,000 employees in 40 countries the world over.

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

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