IT giant Infosys said it had named Salil S. Parekh, an executive at consultancy firm Capgemini, as its next CEO and MD. Parekh has been appointed for a five-year term effective 02 January 2018, according to an Infosys filing to exchanges. Infosys interim CEO Pravin Rao will be re-designated as the COO of the company from 2 January 2017, the statement added. Parekh has nearly three decades of global experience in the IT services industry and has a strong track record of executing business turnarounds and managing very successful acquisitions. Kiran Mazumdar Shaw, who heads Infosys’ nomination and remuneration committee, said Parekh was the top choice from a pool of highly qualified candidates.
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