Sunday, December 3, 2017

Infy board appoints Salil S Parekh as CEO

Infosys board has appointed Salil S Parekh as chief executive officer of the company. This the second time the board has chosen an outsider as CEO. Parekh has the  twin challenge of reviving growth and forging peace between its founders and board following a public spat. The appointment comes after Vishal Sikka, the former CEO and MD's exit from the company in August this year.

Parekh, who is joining from consultancy firm Capgemini where he was a member of its group executive team, has been given a 5-year term effective Jan. 2.

Parekh, an IIT-Bombay and Cornell University alumnus, Infosys may have finally found a person who will grab the market opportunity with good execution. He also understands the culture of an India-led organisation, having spent most of his work life in the country.

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