Infosys’ new CEO Salil Parekh has challenging task on hand | In the News

In many ways, Infosys has pulled a rabbit out of its hat by appointing Salil Parekh as its CEO and MD who will take over his new position on January 2.

A member of the Group Executive Board of the Euro 12.54 billion French consultancy major, Capgemini, Parekh was never seen as a front-runner for one of the most coveted jobs in the Indian technology space.

But his track record shows that Infosys couldn’t have picked a more suitable person to head the organization. Parekh was at the forefront of the acquisition of the company he worked for, Ernst & Young’s consultancy division by Capgemini in 2000 and was widely credited for bringing scale and value to the Indian operations of the consultancy firm. In 2015, he led from the front for the acquisition of i-Gate for $4 billion.

Peter Bendor-Samuel, the CEO of Everest Group, an advisory firm Capgemini told an Indian newspaper in 2015 that Capgemini has realized 10 times more growth than what Parekh had promised Pierre-Yves Cros, the chief development officer of Capgemini.

Read more in The Hindu Business Line

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