Infosys appoints Salil S Parekh as CEO and Managing Director

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Indian multinational corporation Infosys has reportedly announced the appointment of Salil S Parekh as CEO and Managing Director on Saturday.

It was believed that Salil S Parekh will replace U B Pravin Rao, who will take over as the Bengaluru-based IT company’s interim CEO and Managing Director.

Nandan Nilekani, Chairman of Infosys’ board said in a statement, “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”.

It was believed that Salil S Parekh joined the  Infosys company from Capgemini.

In Capgemini,Salil S Parekh was a member of the Group Executive Board, sources said.

Kiran Mazumdar-Shaw, the chairperson of the Nomination and Remuneration Committee, said in a statement, “After a comprehensive global search effort, we are pleased to appoint Salil as the CEO and MD. He was the top choice from a pool of highly qualified candidates”.

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