Infosys appoints Salil Parekh as CEO

Indian IT giant Infosys on Saturday named outsider Salil Satish Parekh as chief executive, months after its top boss quit following a showdown with its founders. Parekh, an executive at French consultancy firm Capgemini, will start a five-year stint in charge of the information technology behemoth from January 2, a statement said. The Infosys board met at the headquarters in Bangalore on Saturday to confirm Parekh's appointment as CEO and managing director, according to a filing to the Mumbai stock exchange.

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