new delhi on saturday it giant infosys announced the appointment of salil s parekh as the new ceo chief executive officer and md managing director of the company parekh will take over from january 2in a filing to the bse bombay stock exchange the company stated that the appointment has been made for a period of five years it further said that the appointment has been made based on the recommendation of nomination and remuneration committeeread this story in gujaraticurrently parekh is a member of the group executive board at french it services company capgemini he has master of engineering degrees in computer science and mechanical engineering from cornell university and a bachelor of technology degree in aeronautical engineering from the indian institute of technology bombay after the announcement nandan nilekani chairman of infosys board said he parekh has nearly three decades of global experience in the it services industry he has a strong track record of executing business turnarounds and managing very successful acquisitionsthe board believes that parekh is the right person to lead infosys at this transformative time in the industry he addednandan nilekani will continue as the nonexecutive chairman of the it behemoth infosys interim ceo pravin rao will be redesignated as the chief operating officer of the company the latest development is expected to bring end to the churn in the company which began after vishal sikka resigned from the post of md and ceo of infosys on august 18 following a spat with the founder members including n r narayana murthywith inputs from agencieswatch infosys appoints capgeminis salil parekh as md and ceo