Infosys picks Capgemini's Salil Parekh as its next CEO

Marcus Newton
December 4, 2017

India's second largest software services company, Infosys, has brought in a senior figure from French IT firm Capgemini - Salil Parekh - as managing director and chief executive.

The appointment of Parekh, who was a top executive at global IT services giant Capgemini prior to his latest assignment, marks the second successive time that Infosys has chosen a rank outsider to helm the company, after being run by its founders for the better part of its first three decades of existence. As per a company statement, Infosys interim CEO UB Pravin Rao will be re-designated as the chief operating officer of the company from January 2. "The board believes that he is the right person to lead Infosys at this transformative time in our industry", Infosys chairman Nandan Nilekani said. Incidentally, Parekh had joined Capgemini in 2000, when the company acquired Ernst & Young's consulting division, and has since held various leadership roles within the group.

Soon after Parekh's appointment news, Infosys co-founder NR Narayana Murthy told Mint, "I am happy that Infosys has appointed Mr Salil Parekh as the CEO". He had replaced Vishal Sikka as interim CEO and managing director in August this year. 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.

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Salil S. Parekh will be the sixth CEO of Infosys. Over the next few days, the then Chairman R Seshasayee and two others also relinquished their positions. Sikka, who was brought in from SAP in 2014, was the first non-founder CEO at the over Dollars 10 billion company. The founders citing whistleblower reports had raised concerns about the buyout. His exit and the prolonged public spat led to a reshuffling of the Infosys' board with Nandan Nilekani, a co-founder and former CEO, returning as non-executive chairman.

He was also tasked with finding Sikka's successor as the shareholder sentiment was hit by the developments at the firm. Earlier Mr. Vishal Sikka departure was related to a tussle between the early board member of Infosys founder Mr.

According to industry watchers, Parekh will face multiple challenges in the new role. It should also be seen evidence that Nilekani can back up his rhetoric and deliver on his promises, amid speculation that Infosys might not be able to find the right candidate for many months.

Other reports by MaliBehiribAe

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