Afternoon D & C Dedicated To Mumbai
Home > Business > Analysts hail appointment of Salil Parekh as Infosys’ MD & CEO

Analysts hail appointment of Salil Parekh as Infosys’ MD & CEO

Tuesday, December 05, 2017

Analysts yesterday welcomed the appointment of Salil Parekh as the managing director and chief executive at country's second largest software
exporter Infosys, which has been struggling with leadership issues.

They said Parekh, who joins from French outsourcing major Capgemini, has a challenging job ahead but his association with technology companies with a strong perception on the emerging area of digital technologies is a positive.

"Parekh is yet to give his colour to Infosys story from here on, we believe that Mr. Parekh looks like a sensible choice for the job," domestic brokerage Angel Broking said in a report.

It said his tenure at Capgemini, and with others having a strong digital perception will be "useful".

Its peer Motilal Oswal also pointed to his association with companies with a better digital perception, like Accenture, TCS and Cognizant as a plus.

"Parekh has a strong technology background and rich IT services experience, and is unlikely to feel out of place in his new role," it said, also welcoming the timely appointment.

The 53-year-old was appointed for a five-year term starting January 2 next year by a board that is now led by co-founder Nandan Nilekani.

The announcement was made on Saturday. Speaking of the possible challenges for Parekh, Motilal Oswal flagged the spare of senior level exits in the company in the wake of leadership appointments in the past.

No Comments Posted
City news
The girl who left her house from Nalasopara, ...
Bangur Nagar police has nabbed a youth, who ...
Yesterday morning started off as a normal Monday ...
Heart To Heart
Dr. Rajan B. Bhonsle, M.D. (Bom)
Consulting Sex Therapist & Counsellor
Dr. (Mrs.) Minnu R. Bhonsle, Ph.D.
Consulting Psychotherapist & Counsellor
Select Sun sign:
Aries (Mar 21 - Apr 20)
Aries (Mar 21 - Apr 20)You will be impulsive today, and this may throw up unexpected results. In a rush of enthusiasm, you may finish pending work and even be left with enough time to plan long-term goals. You may also realise and make amends for your past mistakes, says Ganesha.
- Advertising -
The festive season is a time for indulgence, but
Ayurveda offers a comprehensive treatment method
Good hygiene practices can help keep your infant
Read More