Parekh Salted  (Salil Parekh)

Parekh Salted  (Salil Parekh)

1992-2016

From August, 1992 to January of the 2017th Salil Parekh worked in Capgemini IT company in which at the time of leaving headed business on application development in the main markets, such as North America and Britain and also divisions of cloud services and cloud infrastructure. It also managed the "child" company which was responsible for digital transformation of Capgemini.

2017: Appointment of Infosys as the CEO

At the beginning of December, 2017 Salil Parekh was appointed the CEO of Infosys that provoked rise in quotations of the Indian IT company. Investors hope that the new head will improve Infosys business indicators and also will help establishing interaction between founders and Board of Directors.

Salil Parekh released Vishal Sikka who resigned in August, 2017 because of the conflict with founders of the company from Infosys post of the head. After this dismissal At once several broker companies downgraded stocks of Infosys. In particular, it was made by analysts of Nomura and said that uncertainty concerning the management of the company can prevent its long-term growth.

In day when it was announced Salil Parekh's appointment by the new CEO, securities of Infosys rose in price approximately for 4%. Investors positively reacted to arrival to the highest executive position of the veteran of IT market who is well familiar with features of the Indian technology industry and has experience of the leadership in business in the consulting company, the Reuters agency notes.

However the new CEO should maintain good relations with founders and to care for corporate management. I consider that the CEO and founders will show care in the relations with each other — R.K.R.K. Gupta, the managing director of the Taurus Asset Management company holding shares of Infosys reported.[1]

Notes