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Infosys appoints CEO

Infosys Ltd. hired Salil Parekh as CEO and managing director, effective Jan. 2, 2018.

Parekh was previously a group executive board member at the consulting services company Capgemini SE.

UB Pravin Rao, who was serving as Infosys' CEO and managing director on an interim basis following Vishal Sikka's resignation from the positions, will step down upon Parekh's appointment.

Rao will continue as the company's COO and director.