Infosys, putting an end to an executive search that lasted for nearly two months, appointed Capgemini executive Salil Parekh as New CEO (Chief Executive Officer) and MD (Managing director). Sahil Parekh was already a member of the Group Executive Board at French IT services company Capgemini. He has Master’s degree, of Engineering in Computer Science and Mechanical Engineering from Cornell University. while from the Indian Institute of Technology, Bombay he did his Bachelor of Technology degree in Aeronautical Engineering.
Nandan Nilekani, Chairman of Infosys’ board, said “We are delighted to have Salil Parekh to joining as the CEO & MD of Infosys Company. He has nearly three decades of global experience in the IT industry and has a strong track record of executing business turnarounds. he also manages everything with 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.” Nandan Nilekani added.
Infosys Head of nomination, and remuneration committee, Kiran Mazumdar Shaw, said that Mr. Parekh was the ‘top choice from a pool of highly qualified candidates’.
The Stock of the Infosys Company has declined 5.13 percent in 2017.