New Delhi: India’s second largest firm Infosys, is all set to welcome Salil S Parekh as its new CEO and Managing Director.
With his appointment, the firm looks forward to bring back revenue growth and a good business strategy.
He is being appointed for a period of five years, effective from January 2, 2018.
Parekh, 53, is a former Capgemini executive. Having experience in multi cultural work environment and specialisation in technology and sales, bagged him the post from a dozen other competitors. Moreover, he had also played a major role in acquisition of iGate in the year 2015.
After Vishal Sikka, it is the second time that the company has chosen an external candidate for the post of CEO. In fact , this is the third management change of Infosys, over the last four years.
“He (Parekh) 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,” said Nandan Nilekani, Chairman of Infosys Board.
Salil Parekh holds a Bachelors degree in Aeronautical Engineering from IIT, Bomabay, and a Masters degree in computer science and mechanical engineering from Cornell University.
UB Pravin Rao will step aside from his post of interim CEO and Managing Director before Parekh takes over. However, Rao will continue to work as the Chief Operating Officer and Director of Infosys.
Parekh will work with co- founder Nandan Nilekani and will also contribute in hiring people from the field of technology and sales.