Salil S Parekh is the new CEO, Managing Director of Infosys

Infosys appoints Salil S Parekh as CEO: Some key facts

Infosys appoints Salil S Parekh as CEO: Some key facts

Parekh, who is credited with leading several key businesses at the French technology company, is remembered as a being firm and outspoken in a company that favours conservatism over aggression. 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. With over 30 years of global experience in the IT services industry, Parekh's strong track record of executing business turnarounds and managing successful acquisitions has always been a talking point among his peers. He will replace UB Pravin Rao, who took over as the interim CEO and managing director for the Bengaluru-based IT company, in August. He has been working as the Interim CEO and MD of Infosys since Sikka's resignation.

In a separate statement, Paul Hermelin, chairman and chief executive of Capgemini thanked Parekh, saying he contributed to the group's development in India and in the U.S.

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

This is the second time the company is bringing in an outsider for the top job. "The Board believes that he is the right person to lead Infosys at this transformative time in our industry", said Infosys Chairman Nandan Nilekani on the appointment.

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Infosys was thrown into crisis by founder NR Narayana Murthy's fight with its then board over what he termed were "governance deficits".

Infosys Chairman Nandan Nilekani has stressed that the company will continue looking at acquisitions to accelerate its pivot to new technologies, as it embarks on a strategy of building platforms for its customers that bundle software products with services.

Interestingly, the new Board, under Nilekani, has given a clean chit to the United States dollars 200 million Panaya deal saying there was no merit in the allegations of wrongdoing related to the deal. Earlier Mr. Vishal Sikka departure was related to a tussle between the early board member of Infosys founder Mr. Parekh had joined Capgemini in 2000 as a result of the acquisition of the consulting division of Ernst and Young, and occupied various leadership positions in the Group.

A major one would involve maintaining peace between the founders and the management, they said, adding that Parekh's performance would also depend on the how much independence he gets in decision making.

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