Infosys reappoints Salil Parekh as MD and CEO

The Board of Directors of Infosys Ltd (INFY), in their meeting held on May 21, 2022, based on the recommendations of the Nomination and Remuneration Committee (NRC) have approved the reappointment of Salil Parekh (DIN: 01876159) as Chief Executive Officer and Managing Director of the Company from July 1, 2022 to March 31, 2027, subject to the approval of shareholders.

Salil Parekh, has been the Chief Executive Officer and Managing Director of Infosys since Jan 2018 and has successfully led the Company over the last 4 years.

Salil has more than thirty years of global experience in the IT services industry with a strong track record of driving digital transformation for enterprises, executing business turnarounds, and managing successful acquisitions. Earlier, Salil was a member of the Group Executive Board at Capgemini, where he held several leadership positions for 25 years. Salil was also a Partner at Ernst & Young and is widely credited for bringing scale and value to the Indian operations of the consultancy firm. He holds Master of Engineering degrees in Computer Science and Mechanical Engineering from Cornell University, and a Bachelor of Technology degree in Aeronautical Engineering from the Indian Institute of Technology, Bombay.

Shares of Infosys Limited was last trading in BSE at Rs. 1455.50 as compared to the previous close of Rs. 1427.20. The total number of shares traded during the day was 438612 in over 20341 trades.

The stock hit an intraday high of Rs. 1466.90 and intraday low of 1447.00. The net turnover during the day was Rs. 639188025.00.

Source : Equity Bulls

Keywords

Infosys INE009A01021 INFY Reappointment SalilParekh CEO MD