#4 Things You Need to Know About the New Infosys CEO Parekh's appointment comes after the whole executive debacle at Infosys which saw former CEO Vishal Sikka's exit

By Sanchita Dash

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Capgemini

As the year comes to an end and with the promise of the New Year, there seems to be some respite for the troubles at Indian IT giant Infosys' executive board.

The trouble-ridden Infosys today declared Salil S. Parekh as its CEO and MD, effective January, 2018. Parekh will be making the move from Capgemini, where he served on the Global Executive Board. Parekh's appointment comes after the whole executive debacle at Infosys which saw former CEO Vishal Sikka's exit following a spat with the founder Narayana Murthy. With this the interim CEO U.B. Pravin Rao will take on the role of the COO.

Entrepreneur India takes a look at the four things you didn't know about the new honcho at Infosys.

IIT and Ivy League, He Has Done it All

There's no surprise here. Parekh had started excelling quite early on with a seat at not only India's prestigious Indian Institute of Technology, Bombay but also as an alumnus of Cornell University where he pursued Master of Engineering degrees in Computer Science and Mechanical Engineering.

A Top Leader at Capgemini

Parekh had been with Capgemini for 25 long years, while being responsible for its expansion and operations in India with their acquisition of Ernst & Young. He also was a member of the Group Executive Board of the company as well as the company's Chairman of the North America Executive Council.

Ditched the Climb to CEO at Capgemini?

Given his excellence of running operations in the company and holding various top leadership positions, Parekh was even rumoured to be the next CEO of the company after Paul Hermelin, the current Chairman and Chief Executive Officer of Capgemini Group. However, with Parekh's exit, Hermelin issued a statement saying, "I would like to thank Salil for his involvement in the Capgemini journey. Salil contributed in particular to the development of the Group in India and in the US."

No Gap Between Jobs?

Haven't we all heard about great leaders being workaholics? For them it's their passion for the job that drives them to work every day while they still strive for excellence. So it didn't come as a surprise to us that while Parekh is scheduled to take over his five-year term at Infosys on January 2nd, his previous job at Capgemini officially comes to an end on January 1. That's some dedication to work, right?

Sanchita Dash

Entrepreneur Staff

Former Senior Correspondent, Entrepreneur India

In the business of news for 5 years now. Making my way across India thanks to my career. A media graduate from Symbiosis, Pune, I have earlier worked with Deccan Chronicle (South India's leading English daily), T-Hub (India's largest incubator) and Anthill Ventures (a speed-scaling platform). 

Stories, movies and PJs are my thing. 

If you hear 'The Office' opening score randomly, don't worry it's just my phone ringing. 

 

Business News

JPMorgan Shuts Down Internal Message Board Comments After Employees React to Return-to-Office Mandate

Employees were given the option to leave comments about the RTO mandate with their first and last names on display — and they did not hold back.

Business Ideas

70 Small Business Ideas to Start in 2025

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2025.

News and Trends

NeoSapien Secures INR 80 Lakhs on Shark Tank India 4 for AI Wearable

Founded in 2024 by Dhananjay Yadav and Aryan Yadav, NeoSapien aims to integrate AI into daily life through its wearable technology

News and Trends

Accel Fuels Sarla Aviation's Flying Taxi Ambitions with USD 10 Mn Investment

Angel investors, including Binny Bansal (Flipkart co-founder), Nikhil Kamath (Zerodha co-founder), and Sriharsha Majety (Swiggy co-founder), also participated in the round.

News and Trends

Recur Club Announces Credit Offerings for Startups Beyond Series A and SMEs

In FY 24–25, the platform also plans to deploy an additional INR 2000 crores through its Recur Swift program for startups.

Business News

'I Want the Best People on Our Teams': Meta Is Laying Off More Than 3,000, CEO Mark Zuckerberg Calls for 'Extensive Performance-Based Cuts' — Read the Memo

In an internal memo shared on Tuesday, Zuckerberg said it's "going to be an intense year" at the company.