Infosys hires Salil Parekh of Capgemini as its new CEO

Infosys appoints Salil S Parekh as CEO: Some key facts

Infosys appoints Salil S Parekh as CEO: Some key facts

Global software major Infosys on Saturday announced the appointment of Salil S Parekh from Capgemini as its new Chief Executive Officer and Managing Director with effect from January 2.

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.

British-based Aston Business School research scholar Sanjoy Sen said Parekh's appointment would be viewed positively in Infosys' journey to rebuild its business positioning. He has been with the company for 17 years and also a member of its executive committee. "I am happy that Infosys has appointed Mr. Salil Parekh as the CEO".

"Salil's eminence and grooming in India will be a strong advantage to establish the right face to the Infosys brand, in addition to his experience of working across global cultures", he said.

Seoul: Naval blockade against North Korea not discussed
Moon told Trump evidence is lacking North Korea has achieved atmospheric re-entry or warhead miniaturization, a spokesman said. President Donald Trump has even demanded China stop its crude oil supply to the North.

Following the exit of Sikka, Infosys Ltd had begun a search for a new CEO while bringing back former CEO Nandan Nilekani as the Executive Chairman of the reconstituted Board of the company and appointing Chief Operating Officer (COO) Pravin Rao as the interim CEO. "My best wishes to him", said Murthy in a statement to Mint. He has almost three decades of global experience in the IT services industry. "The Board believes that he is the right person to lead the company at this transformative time in our industry".

Parekh's previous employer issued a surprisingly brief statement given his importance to the company and his rank in the hierarchy.

6- He has occupied various leadership positions in Capgemini Group.

Parekh will start his new job at Infosys in January, which indicates that he will have a three-month period to get familiar with the almost 200,000-strong company. Infosys went from being the gold standard in corporate governance and most preferred employer to one where talk of over-valued acquisitions and unprecedented severance packages and confrontation between the board and promoters led to it bleeding people at both senior and junior levels.

John Cena Sued By Ford Motor Company
Cena confirmed to Ford that he had sold it in a phone conversation with a company representative shortly afterwards. District Court in MI accuse him of selling his $500K vehicle in violation of a contractual two-year waiting period.

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. "The board is also grateful to Pravin for his leadership during this period of transition", Nilekani added.

His Bachelor's degree is from Indian Institute of Technology Bombay and his subject was Aeronautical Engineering.

Nilekani, credited with four-fold growth in Infosys' revenue to $2 billion during his tenure as CEO, had said at the time that cultural fit would be an important criteria for the top job, making internal candidates "very strong contenders".

New (WFC) Holder Davis Capital Partners LLC Upped Holding by $4.95 Million
Mai Wealth Advisors increased its stake in Bristol (BMY) by 7.37% based on its latest 2017Q2 regulatory filing with the SEC. Wells Fargo & Company has a 52 week low of $49.27 and a 52 week high of $59.99. (NYSE:GS) rating on Monday, October 12.

Recommended News

  • Dem leaders scrap meeting with Trump after 'Chuck and Nancy' tweet

    Dem leaders scrap meeting with Trump after 'Chuck and Nancy' tweet

    The Democratic leaders instead encouraged their Republican counterparts to work out a deal without the president's involvement. How this increases the potential for a shutdown: If Democrats weren't yet feeling insulted by the president, they are now.
    LeBron James Ejected For First Time In His Career

    LeBron James Ejected For First Time In His Career

    Against Brooklyn on November 22, James made his 1,500 career three-pointer, becoming the 26th player to ever reach that mark. James seemed to relish the chance to test his skills against the point guard. "I still tried to be aggressive".
    Canada's unemployment rate hits lowest level since 2008

    Canada's unemployment rate hits lowest level since 2008

    On a year-over-year basis, the number of people drawing a paycheque in Saskatchewan was down one percent from November of 2016. The Alberta unemployment rate for last month was 7.3 per cent, down from October's 7.8 per cent.
  • Avengers: Infinity War to Receive Early International Release

    Avengers: Infinity War to Receive Early International Release

    They also fight alongside Spider-Man, Black Panther , Doctor Strange, Winter Soldier, War Machine, Scarlet Witch and also Falcon.
    United Kingdom  'close to Irish border solution' post-Brexit

    United Kingdom 'close to Irish border solution' post-Brexit

    A RETURN of border checks between Northern Ireland and the Republic is inevitable after Brexit, a report from MPs has warned. Tusk told Varadkar that the bloc is "fully behind you and your request that there should be no hard border".
    LeClerc and Ericsson earn Sauber seats

    LeClerc and Ericsson earn Sauber seats

    Marcus Ericsson will stay at Sauber next year for the 2018 Formula 1 world championship. Ferrari celebrated the 70th anniversary of his first vehicle this year.
  • Selena Gomez Avoids Question About Working with Accused Child Molester

    Selena Gomez Avoids Question About Working with Accused Child Molester

    SelGo was also asked how she feels about women in Hollywood coming forward about being sexually abused/harassed in the past. Are you loving her new blonde 'do as much as we are? I am incredibly blessed.
    Xiaomi Launches Desh Ka Smartphone Redmi 5A For Rs 3999

    Xiaomi Launches Desh Ka Smartphone Redmi 5A For Rs 3999

    The rear panel is made out of plastic and sees the Micromax logo in the centre and a camera with LED Flash on the top left corner. Xiaomi Redmi 5 and Redmi 5 Plus might come in Black, Rose Gold, Gold, White, Blue, Red, Pink, Gray and Silver color variants.
    Guardiola revels in 'astonishing' Man City win

    Guardiola revels in 'astonishing' Man City win

    Pep Guardiola and Nathan Redmond have been making the headlines since Southampton's defeat to Manchester City last time out. He added: " I told him I was doing what my manager had asked me to do in the game ".
  • Unbelievable Character - Mauricio Pochettino Pleased With Spurs' Performance In Watford Draw

    Unbelievable Character - Mauricio Pochettino Pleased With Spurs' Performance In Watford Draw

    Nevertheless, the Argentine chief believed his side had given a good account of themselves: "Yes, I am so pleased , he said ". In the last few weeks we have been frustrated but the face the team showed today was good.
    Scott Frost Reportedly Leaving UCF for Nebraska

    Scott Frost Reportedly Leaving UCF for Nebraska

    Frost was the unanimous selection for the AAC Coach of the Year and is now a semifinalist for the George Munger Coach of the Year. Frost played with Stanford for two years before transferring to Nebraska where he was Cornhuskers' quarterback in 1996 and 1997.
    A young Meghan Markle takes on sexist soap commercial

    A young Meghan Markle takes on sexist soap commercial

    I hope they will be very happy indeed", Prince Charles, the father of the newly betrothed and heir to the British throne, said. Their fans followed, including Irene Hardman, 81, who brought a gift bag with fridge magnets and candy for Markle.

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.