Parekh, an aeronautical engineer from IIT Bombay, will have to ensure that Infosys improves profitability and keep senior-level exits under a check.
Salil S Parekh formally takes over as the Chief Executive Officer (CEO) and Managing Director (MD) of Infosys on Tuesday. Besides improving profitability, Parekh will face challenges such as ensuring no senior-level executive exits the firm.
Parekh, who was one of Capgemini's five deputy CEOs, has experience in the cloud computing business, ability to handle large acquisitions and a strong grip on technology and sales.
On December 2, 2017, Infosys had announced that its Board of Directors has appointed Salil S Parekh as CEO and MD of the company effective January 2, 2018.
Parekh had joined Capgemini in 2000 as a result of the company acquiring Ernst & Young’s consulting division and has since held various leadership roles in the Capgemini group.
He was one of Capgemini’s five deputy CEOs and was responsible for a clutch of businesses that reportedly accounted for 45 percent of the company’s revenue. He was one of the chief contenders to succeed current Capgemini Chairman and CEO Paul Hermelin.
Parekh had also served as the executive chairman of Capgemini India and Capgemini US LLC since February 2007.
Parekh holds a Bachelor of Technology degree in aeronautical engineering from IIT, Bombay and Masters degrees in Computer Science and Mechanical Engineering from Cornell University, Ithaca.
In August 2017, Vishal Sikka had resigned as the CEO and MD with immediate effect citing among his reasons, "a continuous stream of distractions and disruptions over the recent months and quarters, increasingly personal and negative as of late, as preventing management's ability to accelerate the company's transformation".Chief Operating Officer UB Pravin Rao had taken over as the interim MD and CEO of the software major.