Infosys announced that Chief Executive Officer and Managing Director Salil Parekh will step down, concluding a nearly nine-year stint. During his tenure, Salil steered India's second-largest IT services company through a period of operational stability, digital transformation, and the early wave of enterprise artificial intelligence.
According to Infosys, Parekh will step down effective April 1, 2027. The board appointed Ashiss Kumar Dash as CEO Designate.
Parekh joined Infosys in January 2018 and is currently the longest-serving non-founder CEO in the company's history. His current five-year term was scheduled to end on March 31, 2027.
The announcement comes weeks after Infosys' annual report and AGM notice remained silent on whether the board intended to extend Parekh's tenure beyond March 2027, prompting investor questions about succession plans.
Nandan Nilekani, chairman of the Infosys board, said, “The Board is delighted to appoint Dash as CEO-designate. Our industry is entering a period of considerable change. The Board was clear that our next CEO needed to combine the ability to drive bold transformation with the judgment to preserve the values and customer trust that have always distinguished Infosys. It gives me great pleasure that we have an internal leader as our next CEO.”
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