Infosys appoints Salil S Parekh as new CEO, managing director - News Summed Up

Infosys appoints Salil S Parekh as new CEO, managing director


Parekh, who will join from consultancy firm Capgemini where he is currently an executive, has been given a 5-year term effective January 2, an Infosys filing to exchanges showed. UB Pravin Rao who was serving as the interim CEO has been re-designated as chief operating officer from January 2, Infosys said. “After a comprehensive global search effort, we are pleased to appoint Salil as the CEO & MD,” said Kiran Mazumdar-Shaw, chairperson of the nomination & remuneration committee at Infosys. Sikka, who joined from German software maker SAP SE in 2014, was the first outsider to be appointed CEO of the Bengaluru-headquartered company. His exit and the prolonged public row led to a reshuffling of the Infosys’ board with Nandan Nilekani, a co-founder and former CEO, returning as non-executive chairman.


Source: Hindustan Times December 02, 2017 10:27 UTC



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