POST TIME: 4 December, 2017 00:00 00 AM
Infosys appoints Salil Parekh as CEO

Infosys appoints Salil Parekh as CEO

AFP, NEW DELHI: Indian IT giant Infosys on Saturday named outsider Salil Satish Parekh as chief executive, months after its top boss quit following a showdown with its founders.

Parekh, an executive at French consultancy firm Capgemini, will start a five-year stint in charge of the information technology behemoth from January 2, a statement said.

The Infosys board met at the headquarters in Bangalore on Saturday to confirm Parekh’s appointment as CEO and managing director, according to a filing to the Mumbai stock exchange.

His predecessor Vishal Sikka quit the company in a surprise move in August amid boardroom tensions.

Sikka had come under fire from some founders over his style of corporate governance and salary increases for top executives.