Infosys names outsider Parekh as chief executive: statement

MUMBAI: Infosys, India’s No.2 IT services company, said on Saturday it had named Salil S Parekh, an executive at consultancy firm Capgemini, as its next chief executive officer and managing director. Parekh has been appointed for a five-year term effective Jan. 2, according to an Infosys filing to exchanges.Infosys interim CEO Pravin Rao will be re-designated as the chief operating officer of the company from Jan. 2, the statement added.

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