Friday, 15 December, 2017

Infosys hires Salil Parekh of Capgemini as its new CEO

Infosys appoints Salil S Parekh as CEO and MD Pic Courtesy Youtube screengrab Nasscom Events
Juana Turner | 03 December, 2017, 00:27

"We are delighted to have Salil joining as the CEO & MD of Infosys", Nilekani said.

Infosys on Saturday said it has appointed Salil S Parekh as its CEO and Managing Director, concluding the 3-month high-profile executive search at the country "s second largest IT firm". Salil S Parekh will replace U B Pravin Rao, who had earlier replaced Vishal Sikka as the interim CEO and Managing Director. Parekh being a more understated executive is reflected by the fact that there is not much publicly available about the 53-year old executive, who is an Indian Institute of Technology-Bombay graduate and a Cornell University alumnus.

The Board believes that he is the right person to lead Infosys at this transformation time in our industry, Mr. Nilekani added.

"The board is grateful to Pravin for his leadership during this period of transition", Nilekani said. He has almost three decades of global experience in the IT services industry.

Parekh, who is now based out of Mumbai, will relocate to Bengaluru, which houses Infosys's headquarters. However, unlike the Tatas who finally opted for an insider to be chairman of Tata Sons, Infosys has again looked outside and brought in Parekh, apparently much to the disappointment of the internal candidates.

"I am happy that Infosys has appointed Parekh as the CEO". He has a very strong reputation within Capgemini's financial services business and can help grow Infosys' consulting approach, which is key to the firm's growth, he said.

The Paris-headquartered Capgemini announced Parekh's departure, saying, "Capgemini and Salil Parekh have agreed on Salil's departure".

"Salil has relinquished his responsibilities within the Group and his managerial transition is already in place. With his strong track record and extensive experience, we believe, we have the right person to lead Infosys", Kiran Mazumdar-Shaw, chairperson of the nomination& remuneration committee, said.

After stepping down as CEO and MD, Rao will continue as chief operating officer and whole-time director, while Nilekani will continue as the non-executive chairman.

Parekh joined Capgemini in 2000 when it acquired the consulting division of Ernst & Young, the London-based global accounting firm, and occupied leadership positions in the group during his 17-year-long stint.

"As India remains the heart of IT and Business Process Management service delivery, Sen said Parekh's grooming in India would be an advantage to establish the right "face to the Infosys brand" in addition to his experience of working across global cultures".

Recommended

Mueller removed Federal Bureau of Investigation agent from Russian Federation probe for anti-Trump texts Mueller removed Federal Bureau of Investigation  agent from Russian Federation  probe for anti-Trump texts After naming Flynn to head the National Security Council in January, Trump forced him from the position less than a month later. A plea agreement suggests that Flynn provided information to prosecutors beneficial to Mueller's investigation.

How to Downgrade iOS 11.2 to Earlier Firmware on iPhone, iPad, iPod How to Downgrade iOS 11.2 to Earlier Firmware on iPhone, iPad, iPod Depending upon how many apps you have on your iPhone it might be worthwhile to just disable those and see if it helps. It offers live integration to sports channels so you can easily watch out your favourite games through this app.

Selena Gomez Confirms On-Again Relationship With Justin Bieber Selena Gomez Confirms On-Again Relationship With Justin Bieber That message of empowerment came before and after Greenwald's time on stage, and in different forms. So thank you for all of you who have inspired so many girls who don't feel like they have a voice".