Salil Parekh to remain MD and CEO of Infosys, reappointed for five years

The Board of Directors of Infosys has reappointed Salil Parekh as the Managing Director and Chief Executive Officer (CEO) of the company. (Image: PTI)

The Board of Directors of Information Technology (IT) giant Infosys has re-appointed Salil Parekh as the Managing Director and Chief Executive Officer (CEO) of the company. This appointment has been made till March 2027.

Information Technology (IT Sector) giant in the field Infosys (Infosys) The Board of Directors of Salil Parekh (Salil Parekh) has been re-appointed as the Managing Director and Chief Executive Officer (CEO) of the company. This appointment has been made till March 2027. Infosys share markets (Share Market) In the information sent on Saturday, the Board of Directors’ meeting held on Saturday approved the re-appointment of Parekh. Parekh’s Nomination and Remuneration Committee (NRC) recommendation.

Parekh took over as the CEO and Managing Director of Infosys in January 2018. He has nearly three decades of experience working in the Information Technology sector.

allotment of shares

The company said that the NRC has also allocated 3,75,760 shares to 88 other senior officials in addition to allotment of 1,04,000 shares to six key functionaries.

Apart from this, let us tell you that in view of the Russia-Ukraine crisis, Infosys has withdrawn its operations from Russia. After the results last month, the company had informed that it would not work with any clients in Russia. At the same time, today in Bangalore, the CEO of Infosys informed that the company has started winding up operations from Russia and they are shifting operations to other countries outside Russia. This step of Infosys is different from the stand of the Government of India.

The Indian government is not taking the side of either of the two countries, although despite all the pressure from America, India is not ending economic relations with Russia. However, given the business of Infosys in Europe and America, the company does not want to take any risk in this matter.

Infosys released its fourth quarter results last month. According to the company, it has made a profit of Rs 5,686 crore in the last quarter, which is 12 percent more than the same quarter last year. However, there has been a decline of 2 percent in profit compared to the third quarter. With this, the company’s income in the last quarter has increased by 23 percent compared to the same quarter last year. At the same time, in the last financial year, the company’s profit has increased by 14 percent as compared to 2020-21.

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