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Bloomberg
Indian software-outsourcing giant Infosys Ltd. named outsider Salil S Parekh as chief executive officer, ending the company’s search for a new leader after previous head Vishal Sikka quit following criticism from a group of founders, landing it in uncertainty.
Parekh, a member of the executive board at Capgemini SE with degrees from the Indian Institute of Technology and Cornell University in the US, has been appointed CEO and managing director for a five-year term that starts on January 2, Bangalore-based Infosys said in a statement.
Sikka had walked out in August after clashing with founders—led by former chairman Narayana Murthy—who had run the business for three decades. Current Chairman Nandan Nilekani said Parekh “has a strong track record of executing business turnarounds and managing very successful acquisitions,†backed up by 30 years of experience in the global IT services industry.