Infosys Appoints Salil S. Parekh as CEO and Managing Director

PR71352

BANGALORE, India, Dec. 2, 2017 /PRNewswire=KYODO JBN/--

Infosys announced today that its Board of Directors has appointed Salil S.

Parekh as Chief Executive Officer and Managing Director (CEO & MD) of the

Company effective January 2, 2018.  

     (Logo: http://mma.prnewswire.com/media/610722/Infosys_Logo.jpg )

Commenting on the appointment of Mr. Parekh, Mr. Nandan Nilekani, Chairman of

the Board said, "We are delighted to have Salil joining as the CEO & MD of

Infosys. He 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 acquisitions. The Board believes that he is the right

person to lead Infosys at this transformative time in our industry.  The Board

is also grateful to Pravin for his leadership during this period of transition."

Ms. Kiran Mazumdar-Shaw, Chairperson of the Nomination & Remuneration

Committee, stated, "After a comprehensive global search effort, we are pleased

to appoint Salil as the CEO & MD. He was the top choice from a pool of highly

qualified candidates.  With his strong track record and extensive experience,

we believe, we have the right person to lead Infosys."

Mr. Parekh joins Infosys from Capgemini where he was a member of the Group

Executive Board.  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.

Mr. U B Pravin Rao will step down as the interim CEO and Managing Director

effective January 2, 2018 and will continue as Chief Operating Officer and a

whole-time Director of the Company.

About Infosys

Infosys is a global leader in technology services and consulting. We enable

clients in 45 countries to create and execute strategies for their digital

transformation. From engineering to application development, knowledge

management and business process management, we help our clients find the right

problems to solve, and to solve these effectively. Our team of 198,000+

innovators, across the globe, is differentiated by the imagination, knowledge

and experience, across industries and technologies that we bring to every

project we undertake.

Visit http://www.infosys.com to see how Infosys (NYSE: INFY) can help your

enterprise thrive in the digital age.

Safe Harbor

Certain statements in this press release concerning our future growth prospects

are forward-looking statements regarding our future business expectations

intended to qualify for the 'safe harbor' under the Private Securities

Litigation Reform Act of 1995, which involve a number of risks and

uncertainties that could cause actual results to differ materially from those

in such forward-looking statements. The risks and uncertainties relating to

these statements include, but are not limited to, risks and uncertainties

regarding fluctuations in earnings, fluctuations in foreign exchange rates, our

ability to manage growth, intense competition in IT services including those

factors which may affect our cost advantage, wage increases in India, our

ability to attract and retain highly skilled professionals, time and cost

overruns on fixed-price, fixed-time frame contracts, client concentration,

restrictions on immigration, industry segment concentration, our ability to

manage our international operations, reduced demand for technology in our key

focus areas, disruptions in telecommunication networks or system failures, our

ability to successfully complete and integrate potential acquisitions,

liability for damages on our service contracts, the success of the companies in

which Infosys has made strategic investments, withdrawal or expiration of

governmental fiscal incentives, political instability and regional conflicts,

legal restrictions on raising capital or acquiring companies outside India, and

unauthorized use of our intellectual property and general economic conditions

affecting our industry. Additional risks that could affect our future operating

results are more fully described in our United States Securities and Exchange

Commission filings including our Annual Report on Form 20-F for the fiscal year

ended March 31, 2017. These filings are available at http://www.sec.gov.

Infosys may, from time to time, make additional written and oral

forward-looking statements, including statements contained in the company's

filings with the Securities and Exchange Commission and our reports to

shareholders. In addition, please note that any forward-looking statements

contained herein are based on assumptions that we believe to be reasonable as

of the date of this press release. The company does not undertake to update any

forward-looking statements that may be made from time to time by or on behalf

of the company unless it is required by law.

Media contacts:

Asia Pacific

Sarah Gideon

Infosys, India

+91-80-4156-3998

Sarah_Gideon@infosys.com

EMEA

Margherita Di Cerbo

Infosys, Europe

+44(0)2075162748

Margherita.DiCerbo@infosys.com

Americas

Chiku Somaiya

Infosys, USA

+1-408-375-2722

Chiku.Somaiya@infosys.com

Source: Infosys