This means he can earn more than $5 million factoring in all stock-based and main salary and that is nearly half of what Vishal Sikka was offered. Salil Parekh, as Chief Executive Officer and Managing Director, sets and evolves the strategic direction for the company and its portfolio of offerings, while nurturing a strong leadership team to drive its execution. Infosys CEO Salil Parekh took home a salary of Rs 24.67 crore for last financial year, according to the company's annual report.. Parekh's salary for … Infosys’ new chief executive and managing director Salil Parekh may potentially earn up to Rs 34.45 crore a year given he achieves his targets set by the management. BENGALURU: Salil Parekh, the newly appointed CEO of Infosys, will draw an annual salary of up to Rs 18.6 crore, including variable component, from April onwards. He was responsible for overseeing a business cluster comprising Application Services (North America, UK, Asia), Cloud Infrastructure Services, and Sogeti (Technology & Engineering Services Division). 3.25cr in restricted stock units, Rs. The compensation is inclusive of salary, bonus/incentives, the value of RSUs granted, and long-term benefits.
Salil Parekh.
So how much will Parekh get as Infosys CEO? Prior to this appointment Parekh was previously member of the group management board at Capgemini, where he had worked since 2000, after Ernst & Young's consultancy division, where he had been working before, was merged into the company. Salil was also Partner at Ernst & Young and widely credited for bringing scale and value to the Indian operations of the consultancy firm.He holds 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.Salil Parekh, as Chief Executive Officer and Managing Director, sets and evolves the strategic direction for the company and its portfolio of offerings, while nurturing a strong leadership team to drive its execution.
Infosys CEO Salil Parekh's total remuneration jumped 27% to $6.15 million in the financial year 2019-20, while COO Pravin Rao's compensation rose 29% to nearly $2.3 million. Please give an overall site rating:For FY19 period, his remuneration was $4.8 million.Employee and subcontractor cost increased close to 10 percent each. Remuneration of N Ganapathy Subramaniam, COO, declined by 12.9 percent primarily due to lower commissions. 11 crore, according to reports.While the Infosys’ remuneration increased, remuneration of its counterparts in TCS declined at the back of COVID-19.In the annual report, the company said, “The managerial remuneration for the year decreased by 15 percent. He will receive the one-time equity grant irrespective of performance.Initially, till March'18, he will receive a variable pay of Rs. The Directors have decided to moderate the executive remuneration for this year to express solidarity and conserve resources.”UB Pravin Rao, COO, Infosys, remuneration jumped from $1.78 million in FY19 to $2.3 million in 2019-20.His remuneration includes salary, bonuses and incentives and RSUs valued at $1.1 million for the year ending March 31, 2020.The rise was mainly on an account of increase in compensation and usage of technical sub-contractors to meet the talent crunch, the statement added.Infosys CEO Salil Parekh raked in $6.15 million in FY20, up 27 percent, compared to last year, according to the US Securities and Exchanges Commission filing.Like us on Facebook to see similar storiesThis includes $801,264 in salary, $1.54 million in bonus and incentives, $53,425 in long term benefits and $3.7 million in restricted stock units. He has around 30 years of experience with Service based companies and this was one of the factors, which made him the strongest candidate to be the CEO of leading IT Company Infosys. Chief Executive Officer and Managing Director. BENGALURU: Salil Parekh, the newly appointed CEO of Infosys, will draw an annual salary of up to Rs 18.6 crore, including variable component, from April onwards. Salil has nearly three decades of global experience in the IT services industry with a strong track record of driving digital transformation for enterprises, executing business turnarounds and managing successful acquisitions.Earlier, Salil was a member of the Group Executive Board at Capgemini, where he held several leadership positions for 25 years. Salil Parekh's Salary Is Much Lower Than Vishal Sikka's.
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