Infosys names Capgemini senior executive Salil Parekh new CEO & MD
Infosys names Capgemini senior executive Salil Parekh new CEO & MD
Infosys appoints Salil S Parekh as CEO: Some key facts
03 December, 2017, 02:08
Infosys has appointed Salil Parekh chief executive officer (CEO) and managing director (MD) of the company with effect from January 2 next year.
Mean while, the former CEO and MD of Infosys, U.B. Pravin Rao will step down to make place for the new boss in office but shall continue to serve as the Chief Operating Officer and an all-time Director of the company. He was a partner in global tax and audit firm Ernst & Young between 1992 and 2000 in financial services and joined Capgemini in 2000 as a result of the latter's acquisition of the consulting division of Ernst and Young. An IIT Bombay alumni, he holds Masters degrees in computer science and mechanical engineering from the Cornell University, in the United States. "He also has multinational experience and global exposure, which will put Infosys in good stead", the former Telecom Secretary told a business news channel. Sikka had joined Infosys from German software maker SAP SE in 2014, and was the first outsider to be appointed CEO of the Bengaluru-headquartered company.
"I would like to thank Salil for his involvement in the Capgemini journey".
Parekh will replace UB Pravin Rao, who took over as interim chief executive after Vishal Sikka's abrupt exit amid a row with one of the company's promoters, N. Nararayana Murthy, in August.
Salil has a great eye for detail, and is a good conversation holder on digital, cloud and the IT modernisation story, said Gogia.
After months of stress, turmoil and billions of dollars in shareholder value destruction, Infosys has finally named a new CEO, Capgemini's Salil Parekh.
In a related development, Capgemini announced in Paris that Parekh would leave the group on January 1, 2018.
Mint could not immediately verify whether Parekh left Capgemini because he was not elevated to the role of COO. His departure from Capgemini will be effective on January 1st.
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. This means Infosys has tempered street expectations and analysts believe that the company will be scrutinised on its performance in next year.
Infosys' Independent Director and Nomination and Remuneration Committee Chairperson Kiran Mazumdar-Shaw said Parekh was the top choice from a pool of highly qualified candidates for the top executive post. "He has a strong track record of executing business turnarounds and managing very successful acquisitions". "The existing setup at Infosys, with Nandan as chairman and Salil as CEO, is capable of addressing key operational and technology challenges".
After Vishal Sikka, Parekh is the second outsider at Infosys.
University of Nebraska Athletic Director Bill Moos will introduce Frost at a Sunday news conference in Lincoln. Frost finished his Nebraska career with 2,677 pass yards, 1,534 rush yards and 46 total touchdowns.
He finished his round five shots behind the leader, Charley Hoffman , who was a whopping 9-under in the second round. Woods' layoff included his fourth back surgery, a DUI arrest from pain medications and a rehab stint.
Blige was another artist who a Los Angeles Times music writer named as being snubbed along with rapper Future . This fucking album that we put out-this last Tribe album-it stands with everybody else's shit that's up there.
Among the inured are: there are seven students, 2 Frontier Corps (FC) personnel, one police officer, a guard, and a journalist. According to the Pakistan Army's media wing, The Tehreek-e-Taliban Pakistan has claimed responsibility for the attack.
The video was originally posted by model Camilla Rowe, who condemned the use of the word after her video gained traction. No Victoria's Secret Fashion Show is complete without a controversy , and 2017′s Shanghai show was no exception.
Next year we're looking at the Atlanta child murders, so we'll have a lot more African-American music which will be nice. It is executive produced by Fincher - who also has House of Cards on Netflix - Joshua Donen, Theron and Cean Chaffin.
Owner Hal Steinbrenner said last month a lack of managing and coaching experience was a concern but not an insurmountable hurdle. Just like Joe Girardi , Aaron Boone is another former Yankee player to become a manager.
He also referenced a recent New York Daily News editorial , which described the president as "mentally unwell" and a "madman". You represent 320 million people, whose lives are literally in your hands.
Louis is still among the cities that made bids for an MLS expansion team that could someday get a team, however. The MLS now has 22 teams, with Los Angeles being added in 2018 and a potential new franchise in Miami.
Police described the contents of the package as a "cylindrical object with cables, batteries and nails", but no triggering device. The police said earlier on Twitter that "the suspicion of an improvised explosive device has been confirmed ".
Initial predictions for our hurricane season had begun in an El Niño phase, which usually means a less active hurricane season. Gulf and Southeast coasts as well as the Caribbean were spared from at least indirect effects from the onslaught of storms.
DMC to examine Max Hospital newborn case
The police said in a statement that Shalimar Bagh police station received a phone call about the incident on Thursday. The Delhi government ordered a probe into the incident and sought a preliminary report within three days.
England get lucky but Gareth Southgate urges caution
That will be followed by a meeting with Panama in Nizhni Novgorod, 400 kilometres east of Moscow , on June 24. The last two tournaments - Costa Rica went through in a group with us and then Iceland knocked us out.
Former NSA worker pleads guilty to snatching classified docs
Although Pho's offense carries a possible 10-year sentence, prosecutors in the case agreed not to seek more than eight years. An employee of Kaspersky Lab works on computers at the company's headquarters in Moscow, Russia, Saturday, July 1, 2017.
Supermoon to light up the sky this weekend
The people of Ukraine will be able to observe in the night sky the lunar disk, which will appear larger and brighter than usual. It'll be a site to see on Sunday night when the full moon comes out as it'll be our only Supermoon of 2017 .
Yemen's deadly civil war takes an unexpected turn
The country has since fallen into chaos and Mr Saleh later joined the Houthis to drive Mr Hadi out of the capital in 2014. The war in Yemen, the poorest country of the Arab world, is one of the biggest humanitarian disasters of our times.
Delhi records highest cases of crimes against women in 2016
Lucknow, Patna and Jaipur were the only cities to record a higher number of atrocities against scheduled caste persons. Andhra Pradesh with 2335 cases topped the list with Karnataka recording the second highest number of cases with 1869.