Capgemini announces promotion of three Indian leaders to new global positions.
Capgemini, one of the foremost providers of consulting, technology and outsourcing services, has announced the promotion of three Indian executives – appointment of Salil Parekh as Chief Executive Officer of Application Services North America, UK, Asia Pacific, and global Financial Services, Aruna Jayanthi as the new Chief Executive Officer of Capgemini India and Baru Rao as the Chief Operating Officer of Application Services Europe.
Salil Parekh who was the CEO of global Financial Services, Asia Pacific, and India offshore will now become the CEO of Application Services businesses of Capgemini that include the North America and United Kingdom geographies, the Financial Services (FS) across the world, along with local business units in India and Australia. This strategic business unit (SBU) spans across 12 countries, and has 27,000 employees. Salil will continue to be a member of the Group’s Executive Committee.
Aruna Jayanthi as the new CEO of India will oversee the operations across India, with a current employee base of 30,000. Her priorities as the CEO of India will be to support the Capgemini Group’s growth agenda and strengthen India’s position as an industrialization and innovation hub for the company. Aruna was earlier the Global Delivery Officer for Capgemini Outsourcing, where she improved the quality, productivity and profitability of Capgemini’s outsourcing operations worldwide.
Baru who was the CEO of India will now be taking on a new role as the COO for Application Services Europe, spanning across 24 countries with 22,000 employees. He will focus on the top line improvement through offshore leverage and innovation and margin improvement through industrialization.
Paul Hermelin, Global CEO said: “Under the leadership of Salil Parekh and Baru Rao, Indian operations have grown rapidly. Going forward, it is important to have these two leaders more involved in the group’s global activities. Hence, we decided to move Salil to head the key markets of UK and US, and Baru to move into a leadership role in Continental Europe.
India plays an integral role in our strategy and has become the biggest country of the Group in terms of headcount, and as a hub for innovation. We are bringing in a strong leader to India, who is one of our high profile women executives in the Group. Her strong global experience will be a great asset to our Indian operations, as the organization aims to have 50 percent of its staff here.”