📺 Stream EntrepreneurTV for Free 📺

#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. 

 

Thought Leaders

It's the End of the Entrepreneurial Era As We Know It

With the rise of advanced technologies and AI, are we losing all sense of the independent business person and entrepreneur?

News and Trends

The Saviour: Zaheer Adenwala , co-founder and COO, Ketto

The startup aims to address the healthcare financing gap by bridging the disparity that currently exist in receiving affordable healthcare

News and Trends

Snapchat Adds Chat Editing Capability With AI

The most recent version of Snapchat has a ton of new capabilities, like the ability to modify messages and create reminders. Additionally, it now offers a few extra features driven by generative AI.

Growth Strategies

BluSmart Hints At Going Global With Electric Cabs

BluSmart's journey underscores its leadership in driving EV adoption and infrastructure development in India, setting a precedent for sustainable mobility solutions worldwide.

Technology

Banking And It's Adoption Of Technology

A wide range of businesses are starting to rely heavily on artificial intelligence, and banking is no exception. AI has the potential to boost operating income by 20% and raise efficiency by up to 30%, according to research from US-based multinational corporation Accenture.

News and Trends

Fresh From Farm, Culture Circle, and Select Brands Raise Early-Stage Funding

Here are the startups that announced early-stage funding rounds.