Commenting on the appointment of Salil S Parekh, Nandan Nilekani, chairman of the Infosys board, said, "We are delighted to have Salil joining as the CEO & MD of Infosys". Parekh has almost three decades of global experience in the IT services industry.
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. He has Master of Engineering degrees in Computer Science and Mechanical Engineering from Cornell University, and a Bachelor of Technology degree in Aeronautical Engineering from the Indian Institute of Technology, Bombay. Parekh will assume office from January 2, 2018 for a period of 5 years, a statement filed by the company to stock exchanges mentioned.
Sikka, who joined from German software maker SAP in 2014, was the first outsider to be made CEO of the Bengaluru-headquartered company.
Interestingly on Saturday, Capgemini put out a separate press release, saying that Parekh "decided to leave the Group in the context of the recent managerial evolutions communicated in October". The Committee, chaired by Kiran Mazumdar-Shaw, took two months to find a replacement for the previous Infosys CEO Vishal Sikka.
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. 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.
Parekh, who held the designation of CEO of Capgemini's UK, Asia and financial services businesses, will be the sixth CEO of Infosys, which was started in 1981 by seven middle-class engineers, including founder Narayana Murthy and Nilekani. "He has a very strong IT services and consulting pedigree, is proven with many years technology and business leadership experience, and has extensive working experience across Ameican, European and Indian work cultures - which is critical for Infosys". Mr Salil will replace Mr. U.B Praveen Rao who is the interim CEO of Infosys.