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Infosys names Capgemini senior executive Salil Parekh new CEO & MD

Infosys names Capgemini senior executive Salil Parekh new CEO & MD

Salil Satish Parekh, who lost out to Vishal Sikka the last time Infosys was hunting for a new chief executive officer in 2014, has now been tasked with leading the company a little over four months after Sikka's acrimonious exit from Infosys, with chairman Nandan Nilekani and the board of India's second largest outsourcing firm putting their faith on a technology industry veteran of almost three decades.

Parekh, who is joining from consultancy firm Capgemini where he was a member of its group executive team, has been given a 5-year term effective January 2, Infosys said in a statement.

Parekh will replace U B Pravin Rao, who had earlier replaced Vishal Sikka as the interim CEO and Managing Director.

Parekh holds Masters degree in Computer Science and Mechanical Engineering from Cornell University in NY.

"In Salil I believe they have found an executive committed to building the next generation of Indian services, who both understands and appreciates all that an Indian talent base can offer while broadening the global talent base and leading Infosys into a becoming a digital transformation leader", he added.

"We are delighted to have Salil joining as the CEO and MD of Infosys". The year-long spat between the high-profile founders like NR Narayana Murthy and the Infosys management, saw Sikka quitting in August. "He has a strong track record of executing business turnarounds and managing very successful acquisitions", Nilekani said in the press release.

3- Parekh has almost three decades of global experience in the IT services industry. He has been working as the Interim CEO and MD of Infosys since Sikka's resignation.

This is the second time the company is bringing in an outsider for the top job.

Another major contention was the Panaya acquisition by Infosys. He was also the company's Chairman of the North America Executive Council. He was also tasked with finding Sikka 's successor as the shareholder sentiment was hit by the developments at the firm. Sikka, who was brought in from SAP in 2014, was the first non-founder CEO at the over United States dollars 10 billion company.

Parekh joined Capgemini in 2000 as a result of the acquisition of the consulting division of Ernst and Young. 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.

His exit and the prolonged public row led to a reshuffling of the Infosys' board with Nandan Nilekani, a co-founder and former CEO, returning as non-executive chairman.