Indian software outsourcing giant Infosys Ltd. appointed outsider Salil S Parekh as executive director, ending the company's search for a new leader after former director Vishal Sikka left to criticize a group of founders, landing in uncertainty.
Parekh, a senior executive at Capgemini SE with degrees from the Indian Institute of Technology and Cornell University in the United States, has been named CEO and general manager for a five-year term beginning on January 2. , Infosys, based in Bangalore, said in a statement on Saturday.
Sikka had left in August after colliding with the founders, led by former president Narayana Murthy, who had led him for three decades. Infosys is also being hit by changing technologies, and needs to move from basic activities paid per hour, such as the construction of software systems, which are quickly automated, to higher-margin areas such as digital services.
Current President Nandan Nilekani said Parekh "has a strong track record of executing business changes and managing acquisitions very successful," backed by 30 years of experience in the global IT services industry .
Nilekani, co-founder of Infosys, had returned as chairman after Sikka's departure and reformulated the board, calmed the concerns of investors and employees and brought a certain degree of stability to the company.
Pravin Rao, who had intervened as interim chief, will become full-time director of operations and director. 19659010]