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The more amenable Infosys CEO and managing director

The more amenable Infosys CEO and managing director

ReutersInfosys, India's second biggest software services company, named Salil S. Parekh, a senior executive at French IT services company Capgemini SE, as its new CEO and managing director, taking another shot at non-founder-led management, after the previous experiment ended in acrimony.

Parekh will take on the role from January 2, and was a member of Capgemini's group executive board, Infosys said in a filing to the stock exchange on Saturday. 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. He has almost three decades of global experience in the IT services industry. 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 with the company for 17 years and also a member of its executive committee.

Salil Parekh will be effectively appointed as Infosys CEO on January 2, 2018. "He has a strong track record of executing business turnarounds and managing very successful acquisitions", while announcing the appointment of Parekh.

"What works in his favour is that Salil will have a cover in the form of Nandan, who is also very close to founder NR Narayana Murthy".

Another major contention was the Panaya acquisition by Infosys.




Parekh will be the second outsider CEO at Infosys after Vishal Sikka. Sikka, who was brought in from SAP in 2014, was the first non-founder CEO at the over Dollars 10 billion company.

This time round co-founder Nandan M. Nilekani was recalled, a week after Sikka's resignation, to run the company as non-executive chairman and find a new CEO.

According to media reports, advisory arm Everest Group chief executive Peter Bendor-Samuel said in 2015 that Capgemini achieved vastly greater growth under Parekh than had been expected.

Yet, Infosys has also somehow played it safe by anointing Parekh, who unlike Sikka, comes armed with plenty of experience of negotiating multi-million dollar outsourcing deals, which are staple for Infosys and its peers such as TCS, Wipro and US-based Cognizant Technology Solutions.

Besides, he will have to push further the innovation agenda in areas like cloud, blockchain and analytics given the increasing automation across industries, rapid pace of technology change and increasing visa scrutiny in key markets, they said.


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