SALIL S. Parekh Appointed CEO and Managing Director Of Infosys

December 4th, 2017 | by eBangla Bureau
SALIL S. Parekh Appointed   CEO and Managing Director Of Infosys
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INFOSYS has announced that its Board of Directors has appointed Salil S. Parekh as Chief Executive Officer and Managing Director (CEO & MD) of the Company effective January 2, 2018 for a period of five years concluding high profile search to head India’s second largest IT firm. Parekh joins Bengaluru based Infosys from Capgemini where he was a member of the Group Executive Board. He has Master of Engineering degrees 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. Expressing “happiness” over Parekh’s appointment, Infosys co- founder NR Narayana Murthy “ I am happy that Infosys has appointed him as CEO cum Managing Director.”  Commenting on the appointment of Parekh, Nandan Nilekani, Chairman of the Board said, “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. The Board is also grateful to Pravin for his leadership during this period of transition.” Kiran Mazumdar-Shaw, Chairperson of the Nomination & Remuneration Committee, said “After a comprehensive global search effort, we are pleased to appoint Salil as the CEO & MD. He was the top choice from a pool of highly qualified candidates. With his strong track record and extensive experience, we believe, we have the right person to lead Infosys.”  U B Pravin Rao will step down as the interim CEO and Managing Director effective January 2, 2018 and will continue as Chief Operating Officer and a whole-time Director of the Company. It may be recalled that Infosys is a global leader in technology services and consulting. It helps clients in 45 countries to create and execute strategies for their digital transformation. From engineering to application development, knowledge management and business process management, we help our clients find the right problems to solve, and to solve these effectively. Its 198,000+ innovators across the globe is differentiated by the imagination, knowledge and experience, across industries and technologies that we bring to every project we undertake, Infosys said in the statement.

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