Salil Parekh reappointed as CEO, MD of Infosys for 5 years

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Photo source: PTI

Salil Parekh, CEO and MD of Infosys

According to a regulatory filing, the board of IT services chief Infosys has approved the reappointment of Salil Parekh as the company’s chief executive officer (CEO) and managing director for another five years until March 31, 2027.

It is based on the recommendations of the Nomination and Remuneration Committee (NRC) and is subject to the approval of shareholders.

“… The Board of Directors, in their meeting held on May 21, 2022, approved on the basis of the recommendation of the Nomination and Remuneration Committee (NRC) … reappointment of Salil Parekh as Chief Executive Officer and Managing Director of the company from 1 July, 2022 to 31 March. , Until 2027, subject to shareholder approval, “said BSE Filing.

Parekh has been the CEO and Managing Director of Infosys since January 2018. He has more than 30 years of global experience in the IT services industry, with a strong track record of running digital conversions for enterprises, performing business changes and successfully managing them. Acquisition

Infosys further stated in the filing that in order to ensure the continuity and commitment of the company’s leadership to drive growth over the next few years, the NRC has approved a grant of 6 KMP (Key Managerial Personnel) and another 104,000 shares. 375,760 shares to senior executives of 88 other companies.

“These performance stock units will be approved under the Infosys Extended Stock Ownership Plan 2019, and will take more than three years to achieve certain milestones in line with the plan approved by the shareholders,” the company said.

The grant date for these performance stock units will be June 1, 2022.

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