Business

Happy With New Infosys CEO Salil S Parekh, Says Founder Narayana Murthy

DIVYIA ASTHANA | 0
2617
| December 3 , 2017 , 09:31 IST

More than 3 months after the exit of the first outside Chief Executive Officer (CEO) of Infosys Vishal Sikka, the company has appointed another outsider, Salil S Parekh to take over the leading role of CEO, an appointment met with the approval of the firm's founder NR Narayana Murthy.

"I am happy that Infosys has appointed Salil Parekh as the CEO. My best wishes to him," Murthy said in a brief statement.

Parekh, formally a member of the group executive board of Capgemini, a French consulting and technology services major, will begin his 5-year term as Infosys CEO from January 2, 2018.

Image result for salil s parekh

"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," Infosys chairman Nandan Nilekani said.

The interim CEO of Infosys, UB Pravin Rao would continue as the Chief Operating Officer (COO) and a whole-time director of the company.

ALSO READ: Infosys Predicament: Vishal Sikka Vs Narayana Murthy

Around 30 candidates were in consideration for the role of Infosys CEO.

Kiran Mazumdar-Shaw, chairperson of the nomination& remuneration committee, referring to Parekh said, "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."

Salil S Parekh holds a masters degree in computer science and mechanical engineering from Cornell University and worked as a partner in global tax and audit firm Ernst & Young between 1992 and 2000 in financial services. Subsequently, Parekh joined Capgemini in 2000 after the firm acquired the consulting division of Ernst and Young and continued there for 17 years.