National
Parekh joins Infosys as new CEO on Tuesday
Bengaluru, Jan 1 (IANS) Much-troubled software major Infosys begins the New Year with its newly appointed Chief Executive Officer (CEO) Salil S. Parekh joining on Tuesday ahead of its third quarter results on January 12.
“As per plan and the Board’s decision on December 2, Parekh joins us as the new CEO and Managing Director on January 2,” a company spokesperson told IANS on Monday.
The Board appointed Parekh, 53, as CEO and MD for five years (till December 31, 2022).
He will be the second non-founder executive of the $10-billion firm after the exit of the first non-promoter CEO Vishal Sikka in August following a spat with its co-founders over governance issues.
A software industry veteran, Parekh was an executive board member of the Paris-based global consulting, technology and IT firm Capgemini.
He was the top choice for the executive post of the company’s nomination and remuneration committee, headed by its Independent Director Kiran Mazumdar-Shaw, who had termed him the “top choice from a pool of highly qualified candidates” and the “right person to lead Infosys”.
The company, however, has not disclosed details of Parekh’s annual compensation, including perks and stock options, if any, so far.
As Parekh takes over, interim CEO and MD U.B. Pravin Rao will revert to his post as Chief Operating Officer but continue as Director.
Parekh has Masters degrees in computer science and mechanical engineering from Cornell University in the US and a B. Tech degree in aeronautical engineering from IIT-Bombay. He joined Capgemini in 2000 when it acquired the consulting division of Ernst & Young (E&Y), the London-based global accounting firm, and occupied leadership positions in the group during his 17-year-long stint.
Infosys co-founder Nandan Nilekani, who returned as non-executive Chairman on August 18, said Parekh with “three decades of global experience in the IT services industry”, and “track record of executing business turnarounds and managing very successful acquisitions” was “the right person to lead the company at a transformative time in the industry”.
The full-time CEO post has been vacant since Sikka had quit, stating that he could not continue to work amid “malicious personal attacks”.
The company’s previous Board blamed mainly co-founder N.R. Narayana Murthy for his dramatic resignation.
–IANS
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National
Foodman Vishal Singh Honored for Hunger Free World Mission in Bangkok
Lucknow: Vishal Singh, a renowned social worker from Lucknow, also known as Foodman, has once again made India proud. He was honored by the Happy Hands Gloves Cooperative Limited Company in Korathai, Thailand, for his work with the Hunger Free World Mission.
The Hunger Free World Mission’s meeting was held in Korathai, Thailand, under Vishal Singh’s leadership. Representatives from several countries, including Mr. Raja Dwivedi (Managing Director of Happy Hands Gloves Limited), Thailand Coordinator Mr. Raja Mishra, and member Mr. Varun Singh, attended the event.
Under Vishal Singh’s leadership, the attendees took a pledge to work together toward creating a hunger-free world.
Speaking on the occasion, Vishal Singh explained that the main goal of the Hunger Free World Mission is social participation. He said the mission is not just about feeding people but also about meeting other basic needs of those who are struggling. The mission focuses on helping families of terminally ill patients in hospitals by providing food and shelter. It also works to fulfill essential needs like education, jobs, and care for the elderly.
For the last 16 years, the Vijay Sri Foundation has been providing free services, benefiting thousands of people. Vishal Singh highlighted that the mission aims to gain global recognition like other organizations such as WHO, WWF, and Red Cross, which work for social causes.
During this meeting, Vishal Singh was appointed as the Chairman of the Hunger Free World Mission by representatives from various countries. They also discussed holding regular meetings in different countries to push the mission forward.
Business tycoon Dr. Abhishek Verma has also supported this humanitarian mission, vowing to promote the idea of “Seva Parmo Dharma” (Service is the highest duty) worldwide. Vishal Singh praised him, stating that people like Dr .Abhishek Verma inspire others to work for the betterment of society.
Recently, Romania’s Ambassador, Mr . Daniela Sezonov Ţane, invited Vishal Singh to the Romanian Embassy in Delhi, where they discussed the mission in detail. Impressed by his humanitarian work, she honored Vishal Singh and invited him to Romania to take the mission forward .
Food man Vishal Singh has been serving the people of India for the past 16 years. Through the Vijay Sri Foundation, he provides free meals to cancer patients & their families ,shelter, and education for women & children along with running free old-age homes in Lucknow.
In addition to his humanitarian work, Vishal Singh also addresses issues like crime and corruption through his role as Chairman of Seva Path Media and Managing Director of Vijay Sri Foundation.
During the COVID-19 pandemic, Vishal Singh and his team worked tirelessly to provide food and help to the needy, including starving children, elderly citizens, and pregnant women. Despite contracting the virus himself, he continued to assist others after his recovery. He even created a life-saving oxygen regulator using household items, which was praised by doctors both in India and abroad.
In his address at the meeting, Vishal Singh spoke about his mission to create a hunger-free world. He pointed out that India’s large population, along with issues like unemployment and poverty, has caused the country to fall on the Hunger Index. He urged people to contribute just one handful of grains daily to help create a hunger-free world.
He concluded by saying that through social participation, we can empower the people around us, meet their basic needs, and work together to build a stronger, more prosperous, and developed society.