Infosys reappoints Salil Parekh as MD and CEO

23 May 2022 , 09:48 AM

The Board of Directors of Infosys Ltd in their meeting held on May 21, 2022, based on the recommendations of the Nomination and Remuneration Committee (NRC) have approved the reappointment of Salil Parekh as Chief Executive Officer and Managing Director of the Company from July 1, 2022 to March 31, 2027, subject to the approval of shareholders.

Salil Parekh, has been the Chief Executive Officer and Managing Director of Infosys since Jan 2018 and has successfully led the Company over the last 4 years.

Salil has more than thirty years of global experience in the IT services industry with a strong track record of driving digital transformation for enterprises, executing business turnarounds, and managing successful acquisitions.

Earlier, Salil was a member of the Group Executive Board at Capgemini, where he held several leadership positions for 25 years. Salil was also a Partner at Ernst & Young and is widely credited for bringing scale and value to the Indian operations of the consultancy firm. He holds 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.

At around 9:17 AM, Infosys was trading at Rs1439.30 per piece higher by 0.26% on the BSE.