Infosys Appoints Salil S. Parekh as CEO and Managing Director

Bangalore, India (ots/PRNewswire) -

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

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