Infosys may have overcome a big challenge by finding a new chief executive, but that’s not even half the battle won for the country’s second-largest IT services company which has been struggling for years to regain industry-leading growth. On Dec. 02, Infosys said it has appointed 53-year-old Salil S Parekh as its CEO and managing director effective Jan. 02, 2018. An IIT-Bombay alumnus, Parekh joins Infosys from French IT services company Capgemini where he was a member of the group executive board, roughly equivalent to a deputy CEO’s post.
The recent leadership churn may also have left clients confused over the company’s future strategy, which Parekh will have to fix. “Sikka came from a software products background and tried to build Infosys’s product offerings… So there is a misconception in the market that Infosys is moving towards becoming a product company, which Parekh will have to undo,” said Sanchit Vir Gogia, chief analyst at Greyhound Research. “He will need to establish that the company is focused on its bread-and-butter IT services business.”
“Building leadership will be an important mid-term challenge for Parekh,” Gogia of Greyhound said. “Managing and maintaining employees’ confidence is very important for Infosys right now.”
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Sanchit Vir Gogia: Sanchit is the Chief Analyst, Founder & CEO of Greyhound Knowledge Group, a Global Strategy & Transformation Research, Advisory & Consulting Firm. To read more about him, click here.
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